Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026
Outbrain Inc. (OB)
Last outbrain inc. earnings: 8/4 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
onebeacon.com/onebeacon/pages/investor/investctr.page
Company Research
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
Show less
Read more
Impact Snapshot
Event Time:
OB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OB alerts
High impacting Outbrain Inc. news events
Weekly update
A roundup of the hottest topics
OB
News
- Outbrain's Organic Fundamentals Remain Weak Despite Transformation Plans [Seeking Alpha]Seeking Alpha
- Drahi Is Making Good on Pledge to Sell Assets. But to What End? [BNN Bloomberg (Canada)]BNN Bloomberg
- Drahi Is Making Good on Pledge to Sell Assets. But to What End? [Yahoo! Finance]Yahoo! Finance
- Outbrain Inc. (OB) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Outbrain (OB) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
OB
Earnings
- 8/8/24 - Beat
OB
Sec Filings
- 9/23/24 - Form 8-K
- 9/19/24 - Form 8-K
- 9/9/24 - Form 4
- OB's page on the SEC website