debt
confidence high
sentiment neutral
materiality 0.60
Euronet plans $850M convertible note offering, up to $175M share buyback
EURONET WORLDWIDE, INC.
- Offers $850M of convertible senior notes due 2030, with $150M option for initial purchasers.
- Net proceeds to repay outstanding borrowings under existing unsecured revolving credit facility.
- Plans to repurchase up to $175M of common stock concurrently with the offering.
- Will enter capped call transactions to reduce potential dilution upon conversion of notes.
- Interest rate, initial conversion rate to be determined at pricing.