---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-23-000860"
form_type: "8-K"
ticker: "FRPT"
cik: "0001611647"
company_name: "Freshpet, Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:33:23.291043+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Freshpet prices $350M 3.00% convertible senior notes due 2028

## Summary
- Offering of $350 million aggregate principal amount of 3.00% convertible notes due April 1, 2028.
- Initial conversion price ~$69.68 per share, a 27.5% premium over $54.65 closing price.
- Net proceeds ~$340.3M (or ~$391.4M if greenshoe exercised); ~$57.6M used for capped call transactions.
- Capped call transactions entered to reduce potential dilution; cap price initially $120.23 per share.
- Notes are senior unsecured, interest payable semi-annually; settlement expected March 20, 2023.

## SEC filing metadata
- accession: 0000929638-23-000860
- form_type: 8-K
- ticker: FRPT
- cik: 0001611647
- company_name: Freshpet, Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611647/000092963823000860/0000929638-23-000860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611647/000092963823000860/a8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-23-000860
- JSON: https://secwatch.observer/filing/0000929638-23-000860.json
- Plain text: https://secwatch.observer/filing/0000929638-23-000860.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.