From Nasdaq: 2025-06-10 22:55:00

Cracker Barrel Old Country Store Inc. announced the upsizing and pricing of its offering of $300.0 million aggregate principal amount of 1.75% convertible senior notes due 2030 in a private offering. The notes will be senior, unsecured obligations, accruing interest at a rate of 1.75% per annum. The initial conversion rate will be 13.8455 shares of Cracker Barrel’s common stock per $1,000 principal amount of notes, with net proceeds estimated to be approximately $290.1 million. The company plans to use a portion of the proceeds to repurchase $150.0 million in outstanding notes due 2026 and for general corporate purposes.



Read more at Nasdaq: Cracker Barrel Upsizes Convertible Note Offering To $300 Mln At 1.75% Due 2030