Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026
Outbrain Inc. (OB)
Last outbrain inc. earnings: 8/4 07:00 am
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US:NYSE Investor Relations:
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Source: GlobeNewswire
NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Outbrain Inc. (NASDAQ: OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that it has repurchased all of the remaining $118 million in aggregate principal amount of the 2.95% Convertible Senior Notes due 2026 (the “Convertible Notes”) via a privately negotiated repurchase agreement with Baupost Group Securities, L.L.C., the sole holder of the Convertible Notes. The Company paid, including accrued interest, $109.7 million in cash representing a discount to par value of approximately 7.5%. As a result, Outbrain will record a pre-tax gain of approximately $8.8 million in the third quarter of 2024. Following the closing of the transaction, Outbrain has repurchased the entire principal balance of $236 million of the Convertible Notes, with no remaining debt on the balance sheet and approximately $128 million of cash, cash equivalents and investments in marketable secu
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OB
Earnings
- 11/7/24 - Beat
OB
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form 144
- 12/9/24 - Form 4
- OB's page on the SEC website