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
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT