Bruker Corporation Files Prospectus for $600 Million Mandatory Convertible Preferred Stock Offering
Reuters
Yesterday
Bruker Corporation Files Prospectus for $600 Million Mandatory Convertible Preferred Stock Offering
Bruker Corporation has announced a public offering of $600 million in Mandatory Convertible Preferred Stock, Series A. The offering, subject to market conditions, includes the potential for an additional $90 million to cover over-allotments. The proceeds aim to bolster Bruker's financial position by repaying existing loans and could also support general corporate purposes if the additional option is exercised. J.P. Morgan and BofA Securities are leading the offering, with PNC Capital Markets LLC as co-manager. The offering is part of an effective shelf registration filed with the SEC, with further details available through the prospectus supplement. Each share, valued at $250, will convert into common stock by September 2028, with specific terms set at pricing.
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