Array Technologies (ARRY) announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended. ARRAY has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $45 million in aggregate principal amount of Notes. The Offering is expected to close on June 27, 2025, subject to the satisfaction of customary closing conditions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARRY:
- Video: Uber, Lyft among notable pre-market movers
- Array Technologies Announces $250M Convertible Notes Offering
- Array Technologies announces proposed private offering of $250M of senior notes
- Array Technologies’ Acquisition of APA Solar: Balancing Growth Opportunities with Financial Risks
- Array Technologies’ Strategic Acquisition of APA Solar Fuels Buy Rating Amidst Growth in Utility-Scale Solar Market