Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Penguin Solutions, Inc. incurred convertible notes of $150.0 million with U.S. Bank Trust Company, National Association at 2.000% per annum maturing February 1, 2029.
- Instrument
- convertible notes
- Principal
- $150.0 million
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 2.000% per annum
- Maturity
- February 1, 2029
- Event
- incurrence
Exact text from the filing
On January 18, 2023, SMART Global Holdings, Inc. (the “Company”) entered into separate, privately negotiated exchange agreements with a limited number of holders of its 2.25% Convertible Senior Notes due 2026 (the “2026 Notes”) to exchange $150.0 million principal amount of the 2026 Notes for (i) $150.0 million in aggregate principal amount of new 2.000% Convertible Senior Notes due 2029 (the “2029 Notes”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Penguin Solutions, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $150.0 million (effective 2023-01-23).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $150.0 million
- Effective
- 2023-01-23
Exact text from the filing
The 2029 Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of January 23, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
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