AeroVironment Inc (AVAV): debt financing — AeroVironment raises $747.5M via 0% convertible notes due 2030 and 3.5M shares in dual offering

AeroVironment Inc

Issued $747.5M aggregate principal of 0% Convertible Senior Notes due 2030; initial conversion price ~$322.40/share.
Sold 3,528,226 shares of common stock; underwriters may purchase up to 529,234 more within 30 days.
Notes mature July 15, 2030, bear no regular interest; redeemable after July 21, 2028 if stock price >130% of conversion price.
Both offerings closed July 3, 2025; notes are senior unsecured and structurally subordinated to subsidiary liabilities.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AeroVironment Inc incurred convertible notes of $747,500,000 with U.S. Bank Trust Company, National Association at 0% maturing July 15, 2030.

Instrument: convertible notes
Principal: $747,500,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0%
Maturity: July 15, 2030
Event: incurrence

Exact text from the filing

On July 2, 2025, the Note Underwriters exercised such option to purchase an additional $97,500,000 aggregate principal amount of Notes. The issuance of $747,500,000 aggregate principal amount of Notes was completed on July 3, 2025.

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AeroVironment Inc filing history →

Source: SEC EDGAR

accession 0001104659-25-065778

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