debt
confidence high
sentiment neutral
materiality 0.80
Guardant Health, Inc. (GH): debt financing — Guardant Health raises ~$717M via upsized equity and convertible debt offerings
Guardant Health, Inc.
- Public offering of 3,833,332 shares at $90/share (incl. underwriter option), net proceeds ~$327.2M.
- Convertible notes: $402.5M principal, 0% coupon, due 2033, conversion price ~$121.50/share (35% premium).
- Net proceeds from notes ~$390M; combined ~$717M for general corporate purposes, including possible 2027 note repurchase.
- Both offerings upsized from initially announced amounts ($250M equity, $300M notes); closed Nov 7, 2025.
- Notes convertible under certain conditions after Feb 15, 2033; redeemable after Nov 20, 2029.