Denggle.com

-->

Cree Offers US$500 Million Convertible Senior Notes

2018-09-03 Tag: Cree Convertible Senior Notes

Cree announced that the company intends to offer US$500 million aggregate principal amount of its Convertible Senior Notes due 2023 in a private offering to qualified institutional buyers. In addition, the initial purchasers of the Notes will be granted by Cree an option to purchase up to an additional US$75 million aggregate principal amount of the Notes, for settlement within a 13-day period from, and including, the date on which the Notes are first issued.

 

Cree

 

Cree plans to use the net proceeds from the Offering to repay its borrowings under its revolving credit facility and the remaining part will be used to fund Wolfspeed’s capacity expansion, working capital needs and for general corporate purposes.

 

Source:ledinside.com

 

 

 



Contact Us

  • Guzhen Lighting Expo Co., Ltd.
  • Karmen Wu
  • +86 760 2235 3188 ext. 8025
  • Karmen.wu@glexpo.com.cn
  • Charles.lam@glexpo.com.cn
  • 2F, Guzhen Convention and Exhibition Center, Intersection of East Dongxing Road and Gushen Road, Guzhen Town, Zhongshan, Guangdong 528421, China

Follow Us