---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-165689"
form_type: "8-K"
ticker: "ITRI"
cik: "0000780571"
company_name: "ITRON, INC."
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T03:05:57.335253+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-165689
- form_type: 8-K
- ticker: ITRI
- cik: 0000780571
- company_name: ITRON, INC.
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/780571/000119312524165689/0001193125-24-165689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/780571/000119312524165689/d124505d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-165689
- JSON: https://secwatch.observer/filing/0001193125-24-165689.json
- Plain text: https://secwatch.observer/filing/0001193125-24-165689.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.