Impinj prices $250M convertible notes at 1.125%, uses proceeds to repurchase existing 2026 notes

IMPINJ INC

$250M principal of 1.125% Convertible Senior Notes due 2027, upsized from $225M; initial conversion price ~$111.04/share (42.5% premium).
Net proceeds ~$278.3M after full exercise of initial purchasers' option; used ~$184.2M to repurchase $76.4M of 2.00% 2026 notes.
Notes convertible under certain conditions; interest payable semi-annually; cannot be redeemed before Nov 20, 2024.
Following repurchase, only ~$9.8M of 2026 notes remain outstanding; remainder of proceeds for general corporate purposes.

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