Alvotech (NASDAQ:ALVO) on Monday issued new shares to holders of subordinated convertible bonds, originally issued by Alvotech on November 16, 2022, and December 20, 2022, with maturity on December 20, 2025. Alvotech issued 22.07M new ordinary shares in exchange for Convertible Bonds, at the fixed price of $10.00 per share.Continue Reading
Trinity Capital (NASDAQ:TRIN) on Friday announced an adjustment to the conversion rate of its 6.00% convertible notes due 2025 as a result of the company’s cash dividend of $0.51 per share, payable on July 15, to stockholders of record as of June 28. The ex-dividend date for dividend was JuneContinue Reading
SolarEdge Technologies (NASDAQ:SEDG) has priced its private offering of $300M convertible senior notes due 2029. The notes will bear interest at 2.25% per year, payable semiannually, beginning on January 1, 2025. They will mature on July 1, 2029, unless earlier repurchased, redeemed or converted. Initial purchasers will have a 13-dayContinue Reading
Lari Bat/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -13.9% post-market Monday after announcing plans for a private placement of $300M of convertible senior notes and disclosing that one of its customers filed for Chapter 7 bankruptcy. The company said the proceeds from its offering of convertible senior notes due inContinue Reading
