debt
confidence high
sentiment neutral
materiality 0.50
Rapid7 calls all $45.4M of 1.25% convertible notes due 2023 for redemption on Nov 30, 2021
Rapid7, Inc.
- Rapid7 issued a redemption notice for all $45,352,000 aggregate principal of its 1.25% Convertible Senior Notes due 2023.
- Redemption date is November 30, 2021; redemption price is 100% of principal plus accrued interest from August 1, 2021.
- Holders may convert notes before 5:00 p.m. ET on November 29, 2021, at a rate of 24.0460 shares per $1,000 principal.
- Conversion rate increases by 0.0022 additional shares per $1,000 for early conversion; settlement will be combination settlement with $1,000 per $1,000 principal.