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Stock impact report

SMART Global Holdings Announces Proposed Private Offering of Convertible Notes

SMART Global Holdings, Inc. - Ordinary Shares (SGH) 
Last smart global holdings, inc. - ordinary shares earnings: 4/7 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.smartm.com
Company Research Source: GlobeNewswire
NEWARK, Calif., Feb. 06, 2020 (GLOBE NEWSWIRE) -- SMART Global Holdings, Inc. (“SMART” or the “Company”) (Nasdaq: SGH), parent company of SMART Modular Technologies, Inc., today announced that it intends to offer $200 million in aggregate principal amount of convertible senior notes due 2026 (the “Notes”) to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions. The Company also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $30 million aggregate principal amount of Notes. SMART expects to use the net proceeds from the offering of the Notes, together with cash on hand, (1) to repay in full all outstanding principal balances, and to pay the associated prepayment premiums, accrued and unpaid interest and related fees and expenses, of the term loans under the Second Amended and Restated Credit Agreement, dated as of August 9, 2 Show less Read more
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