ADTRAN Holdings, Inc. announced its intention to offer $150,000,000 aggregate principal amount of convertible senior notes due 2030 in a private offering.
The Notes will be senior, unsecured obligations of the Company and will accrue interest payable semi-annually in arrears.
Noteholders will have the right to convert their Notes in certain circumstances and during specified periods.
Convertible Senior Notes Offering
ADTRAN Holdings, Inc. plans to offer $150,000,000 convertible senior notes due 2030 in a private offering.
Interest and Maturity
The Notes will accrue interest payable semi-annually in arrears and will mature on September 15, 2030.
Conversion Rights
Noteholders will have the right to convert their Notes in certain circumstances and during specified periods.
- The offering of convertible senior notes provides ADTRAN Holdings, Inc. with additional funding opportunities.
- The Notes give investors the option to convert their investment into shares of the Company's common stock.
ADTRAN Holdings, Inc.'s proposed convertible senior notes offering marks a strategic move to raise capital and expand its financial flexibility in the market.