Keel Drops 8% After Keel Infrastructure Priced an Upsized $400 Million Senior Notes Offering
MT Newswires Live
Jun 05
Keel Infrastructure (KEEL) priced its upsized offering of $400 million of 1.25% convertible senior notes due Jan. 15, 2032, the company said Friday.
Initial purchasers have been granted a 13-day option to purchase up to an additional $58 million of the notes.
The offering, which was upsized from $350 million, is expected to close around June 9.
The company said it aims to use a portion of the proceeds from the offering to fund the cost of entering into capped call transactions, as well as for general corporate purposes.
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