ADTRAN Holdings Inc. plans to offer $150 million in convertible senior notes due 2030 in a private offering, with an option for an additional $22.50 million. The Notes will be senior, unsecured obligations accruing interest semi-annually and maturing on September 15, 2030. Noteholders can convert their Notes under certain circumstances. Proceeds will fund capped call transactions and repay outstanding borrowings under a credit agreement dated July 18, 2022. (Source: RTTNews)

Read more at Nasdaq: ADTRAN Plans To Offer $150 Mln Of Convertible Senior Notes Due 2030