BRIEF-Penguin Solutions Announces Proposed Private Offering Of Convertible Notes And Refinancing To Enhance Capital Structure

Penguin Solutions Incorporation

Penguin Solutions Incorporation

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July 13 (Reuters) - Penguin Solutions Inc PENG.O:

  • PENGUIN SOLUTIONS ANNOUNCES PROPOSED PRIVATE OFFERING OF CONVERTIBLE NOTES AND REFINANCING TO ENHANCE CAPITAL STRUCTURE

  • PENGUIN SOLUTIONS - TO OFFER $650 MILLION IN CONVERTIBLE SENIOR NOTES DUE 2031

  • PENGUIN SOLUTIONS - PROCEEDS TO FUND CAPPED CALLS, REFINANCE NOTES, REPAY $100 MILLION CREDIT AGREEMENT

  • PENGUIN SOLUTIONS - INITIAL PURCHASERS MAY BUY UP TO $100 MILLION ADDITIONAL NOTES

  • PENGUIN SOLUTIONS - TO ENTER EXCHANGES OF CONVERTIBLE NOTES DUE 2029 AND 2030

Source text: ID:nBwRRbjga

Further company coverage: PENG.O


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