Itron prices $700M 1.375% convertible notes due 2030; conversion premium 27.5%

ITRON, INC.

Issued $700M of 1.375% Convertible Senior Notes due July 15, 2030; initial purchasers exercised $105M option.
Initial conversion price ~$131.24/share (27.5% premium over $102.93 stock price on June 17).
Net proceeds ~$681.1M; ~$94.8M for capped calls, ~$100M to repurchase 971,534 shares.
Capped call transactions cap at $205.86/share to offset dilution upon conversion.
Proceeds may also repay 0.00% convertible notes due 2026 or for acquisitions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.