AeroVironment Inc. has announced plans for public offerings, including $750 million in common stock and $600 million in convertible senior notes due in 2030. J.P. Morgan and BofA Securities are leading the management of these offerings, with Raymond James also involved in the convertible notes offering. The proceeds are intended to repay existing debt and support general corporate purposes, such as increasing manufacturing capacity. The company has granted underwriters a 30-day option to purchase additional shares and notes to cover over-allotments, and the completion of these offerings is subject to market conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AeroVironment Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250630163480) on June 30, 2025, and is solely responsible for the information contained therein.