logo
Share SHARE
FONT-SIZE Plus   Neg

Infinera Prices $135 Mln Convertible Senior Notes Offering

Infinera Corp. (INFN) said Friday that it has priced an offering of $135 million aggregate principal amount of its 1.75% convertible senior notes due 2018.

The company has granted the initial purchasers a 30-day option to purchase up to an additional $15 million aggregate principal amount of the notes on the same terms and conditions to cover overallotments, if any.

The offering is expected to close on May 30.

Infinera expects to use the net proceeds of the offering for general corporate purposes, including working capital and potential strategic projects.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The development of Alzheimer's drugs has been marred by a high failure rate. A U.S. study, which analyzed how the Alzheimer's clinical trials fared during the period of 2002 to 2012, revealed a failure rate of 99.6% compared to a failure rate of 81% for cancer drugs. Apple Inc. plans to invest roughly $1 billion to procure and produce original content over the next year, The Wall Street Journal reported, citing people familiar with the matter. The planned investment in Hollywood reportedly could result in as many as 10 new shows. An upcoming episode of HBO's hit TV show 'Game of Thrones' has been leaked before its scheduled premiere. It is the second confirmed leak in two weeks to hit season seven. According to the production company HBO, the episode was mistakenly made available on its streaming platforms in Spain, Sweden, Norway, Denmark and Finland.
comments powered by Disqus
Follow RTT