debt
confidence high
sentiment neutral
materiality 0.80
Euronet closes $1B 0.625% convertible notes due 2030; repays credit facility, buys back $131M stock
EURONET WORLDWIDE, INC.
- Issued $1,000M 0.625% convertible senior notes due Oct 1, 2030; initial conversion price ~$127.04 (30% premium).
- Net proceeds ~$976.4M used to repay borrowings under existing unsecured revolving credit facility.
- Entered capped call transactions with cap price ~$180.78/share (85% premium) to reduce dilution; cost $99.8M.
- Concurrently repurchased ~$131.3M of common stock in privately negotiated transactions at market price.