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Snap Inc. (NYSE:SNAP) announced today the pricing of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2027 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act. Snap also granted the initial purchasers of the notes an option to purchase up to an additional $150.0 million aggregate principal amount of notes. The sale of the notes is expected to close on April 30, 2021, subject to customary closing conditions.
The notes will be general unsecured obligations of Snap. The notes will not bear interest and the principal amounts of the notes will not accrete.
Edison Baldwin March 31, 2021
Marvell Technology Group Ltd. [NASDAQ: MRVL] price surged by 2.65 percent to reach at $1.22. The company report on April 21, 2021 that Inphi Corporation Announces Make-Whole Fundamental Change and Make-Whole Premium Convertibility Period Relating to its 0.75% Convertible Senior Notes due 2021 and 0.75% Convertible Senior Notes due 2025.
On April 20, 2021, Marvell Technology Inc. (NASDAQ: MRVL) (“MTI”) announced the completion of the previously announced acquisition of Inphi Corporation (“Inphi”) by Marvell Technology Group Ltd. (“Marvell”) pursuant to the Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), dated October 29, 2020, by and among Marvell, MTI, Maui Acquisition Company Ltd, a Bermuda exempted company and a wholly owned subsidiary of MTI (“Bermuda Merger Sub”), Indigo Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of MTI (“Delaware Merger Sub”), and Inphi. Effe
For the readers interested in the stock health of Marvell Technology Group Ltd. (MRVL). It is currently valued at $47.32. When the transactions were called off in the previous session, Stock hit the highs of $47.40, after setting-off with the price of $46.48. Company’s stock value dipped to $46.27 during the trading on the day. When the trading was stopped its value was $46.10.
Recently in News on April 20, 2021, Inphi Corporation Announces Make-Whole Fundamental Change and Make-Whole Premium Convertibility Period Relating to its 0.75% Convertible Senior Notes due 2021 and 0.75% Convertible Senior Notes due 2025. On April 20, 2021, Marvell Technology Inc. (NASDAQ: MRVL) (“MTI”) announced the completion of the previously announced acquisition of Inphi Corporation (“Inphi”) by Marvell Technology Group Ltd. (“Marvell”) pursuant to the Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), dated October 29, 2020, by and among Marvell, MTI, Maui Acqui
Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026
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MIRAMAR, Fla., April 27, 2021 /PRNewswire/ Spirit Airlines, Inc. (NYSE: SAVE) ( Spirit ) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the Convertible Notes and such offering, the Convertible Notes Offering ). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.
Spirit is also separately conducting a registered direct offering of shares of its common stock (the Common Stock Offering ) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the 2025 Convertible Notes ).
Market Analysts see Marvell Technology Group Ltd [MRVL] gaining to $50 Time to buy? dbtnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbtnews.com Daily Mail and Mail on Sunday newspapers.