Rocket Lab prices upsized $300M 4.25% convertible notes due 2029, plans $40M debt repayment

Rocket Lab Corp

Upsized offering from $275M to $300M; initial conversion price ~$5.13/share (27.5% premium over $4.02 close).
Notes accrue 4.25% interest semi-annually, mature Feb. 1, 2029; proceeds ~$290.2M ($343.5M if full option exercised).
Plans to use ~$36.5M for capped call transactions to reduce dilution, ~$40M to repay equipment financing debt.
Remainder for working capital/general corporate purposes, including potential acquisitions.
Entered capped call transactions with cap price $8.04/share (100% premium) to offset conversion dilution.

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