BUZZ-Penguin Solutions slumps on $650 million note offering

Penguin Solutions Incorporation

Penguin Solutions Incorporation

PENG

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** Shares of data center firm Penguin Solutions PENG.O slump 12% to $68 after the bell

** PENG announced convertible senior notes offering of $650 million due 2031

** Penguin will use proceeds to fund capped call transactions, refinance existing notes and repay a $100 mln credit agreement

** PENG stock has more than tripled so far this year




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