Deal Details
Advanced Energy Completes $575 Million Convertible Notes Offering
Summary
Advanced Energy Industries, Inc. (“Advanced Energy” or the “Company”) (Nasdaq: AEIS), recently completed a private offering of $575 million aggregate principal amount of 2.50% convertible senior notes due 2028 (the “notes”), which includes the exercise in full by the initial purchasers of their option to purchase an additional $75 million of notes. Advanced Energy intends to use the net proceeds from the offering to fund plans for future growth, which may include strategic acquisitions, opportunistically repay existing outstanding indebtedness, to repurchase additional common stock as part of an existing opportunistic share repurchase plan or for general corporate purposes.
Baird served as a co-manager on this offering.
About
Advanced Energy is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the Company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power and is headquartered in Denver, Colorado.CONTACT US TO LEARN MORE
- Date
- September 2023
- Company
- Advanced Energy Industries, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Industrial
- Verticals
-
Test, Measurement & Automation
- Target Geography
- North America
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