PureCycle prices USD 250 million 4.75% convertible senior notes offering due 2032
PureCycle Technologies Inc
PureCycle Technologies Inc PCT | 0.00 |
- PureCycle priced a USD 250 million offering of 4.75% convertible senior notes due 2032, with a 30-day option for USD 37.5 million more.
- Net proceeds estimated at about USD 242 million, rising to about USD 278.3 million if the over-allotment is fully exercised.
- Proceeds earmarked mainly to repurchase about USD 216 million principal amount of outstanding 7.25% green convertible notes due 2030.
- Deal expected to close around June 15, 2026, subject to customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PureCycle Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606110129PRIMZONEFULLFEED9735425) on June 11, 2026, and is solely responsible for the information contained therein.
