Loan & DebtSep 28, 2026, 04:19 PM
Voyager Technologies Completes $402.5M Convertible Senior Notes Offering
AI Summary
Voyager Technologies, Inc. has completed its offering of $402.5 million in aggregate principal amount of 0% Convertible Senior Notes due 2032. The offering, which included the full exercise of the initial purchasers' option for an additional $52.5 million, generated net proceeds of approximately $391.6 million. These proceeds are earmarked for general corporate purposes and to fund capped call transactions designed to mitigate potential dilution. The notes are senior, unsecured obligations with a maturity date of October 15, 2032, and an initial conversion price of approximately $40.82 per share.
Key Highlights
- Voyager Technologies completed a $402.5 million offering of 0% Convertible Senior Notes due 2032.
- The offering included an additional $52.5 million in notes due to the full exercise of the initial purchasers' option.
- Net proceeds from the offering are approximately $391.6 million, intended for general corporate purposes and capped call transactions.
- The notes are senior, unsecured obligations maturing on October 15, 2032.
- Initial conversion rate is 24.4978 shares of Class A common stock per $1,000 principal amount, representing an initial conversion price of approximately $40.82 per share.
- Voyager entered into capped call transactions to potentially offset dilution from note conversions.
Price Impact
More from VOYG