0
General

Vonage prices USD 300 mln bond offering

Wednesday 12 June 2019 | 12:48 CET | News
Vonage has priced its previously announced offering of USD 300 million worth of convertible senior notes due 2024. Vonage has also granted a greenshoe of USD 45 million more worth of notes. The offering is expected to close on 14 June, subject to the usual closing conditions. The unsecured notes will bear an interest of 1.75 percent per year and mature on 1 June 2024. 

The money raised will used to pay costs of USD 24.6 million for capped call transactions. About USD 10 million will go towards share buybacks. Some more will go towards paying back some of the company's credit facility.



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Vonage
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.