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Wireless

Inseego launches USD 100 mln notes offering

Friday 8 May 2020 | 11:45 CET | News
Update: 8 May 2020 | 17:30 CET
Inseego said it has started an offering of USD 100 million worth of senior notes due 2025. The company also expects to grant a greenshoe for an additional USD 15 million worth of notes. Immediately after the offering, the company intends to exchange about USD 44.8 million worth of its existing 5.50 percent convertible senior notes due 2022 for a combination of cash and USD 75.0 million worth of notes in private placement transactions. The 3.25 percent convertible senior notes offering is expected to close on 12 May.

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[08/05/2020 17:30- Update: adding pricing]


Categories: Mobile & Wireless
Companies: Inseego
Countries: World
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