Inseego Announces Debt Reduction and Restructuring Transactions of Convertible Notes due 2025
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Business Wire
Company executes capital structure management initiative to reduce total debt by purchasing for cash and exchanging for long-term debt and equity, $125 million of face value, or nearly 80% of outstanding convertible notes, at 30% discount SAN DIEGO--(BUSINESS WIRE)--Inseego Corp. (Nasdaq: INSG) (the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, announced today that it has entered into a series of agreements, as part of its overall capital structure management to reduce its total debt and restructure its outstanding 3.25% convertible notes due 2025 (the “2025 Notes”). As part of this initiative, the Company’s three largest noteholders, whose holdings represent more than $125 million face value or nearly 80% of the outstanding 2025 Notes, have agreed to sell to the Company for cash, or exchange for long-term debt and equity of the Company, all of their 2025 Notes. This meaningful reduction an
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INSG
News
- Inseego Corp. (NASDAQ: INSG) had its price target raised by analysts at TD Cowen from $12.00 to $13.50. They now have a "hold" rating on the stock.MarketBeat
- Inseego Announces Debt Reduction and Restructuring Transactions of Convertible Notes due 2025 [Yahoo! Finance]Yahoo! Finance
- Investors in Inseego (NASDAQ:INSG) from three years ago are still down 90%, even after 18% gain this past week [Yahoo! Finance]Yahoo! Finance
- Buy These 3 Top Stocks for Remarkable Earnings Acceleration [Yahoo! Finance]Yahoo! Finance
- Is Inseego (INSG) Stock Outpacing Its Computer and Technology Peers This Year? [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 5/9/24 - Beat
INSG
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form SC
- 7/2/24 - Form 4
- INSG's page on the SEC website