debt
confidence high
sentiment neutral
materiality 0.75
Revolution Medicines issues $500M 0.50% convertible notes due 2033
Revolution Medicines, Inc.
- Issued $500M 0.50% Convertible Senior Notes due 2033 under indenture with U.S. Bank Trust as trustee.
- Initial conversion price ~$198.80/share (5.0302 shares per $1,000 principal).
- Notes are senior unsecured, redeemable after May 2030 if stock >130% conversion price for 20 of 30 trading days.
- Holders may convert before Feb 2033 only upon specified events; after that anytime until maturity.
- Fundamental change triggers repurchase right at 100% principal plus accrued interest.
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