ProPetro为6亿美元的高级可转换票据定价

2026-05-05 13:11

ProPetro (PUMP) priced a private offering of $600M aggregate principal amount of 0.00% convertible senior notes due 2031 to qualified institutional buyers.
The offering, was initially announced at $500M. It includes an option for initial purchasers to buy up to $90 million more within 13 days of issuance, with closing expected on May 7, 2026.
The notes are senior unsecured obligations that accrue no regular interest and mature on November 15, 2031. Conversion is possible under specific conditions until August 15, 2031, and then anytime until two trading days before maturity, at an initial rate of 43.1616 shares per $1,000 principal.
Net proceeds are estimated at $581.3M, and will be used for capped call transactions to reduce dilution, with the rest for general purposes like power equipment investments.
The stock price dropped 2.7% on Monday during after-hours of trading.

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