debt
confidence high
sentiment neutral
materiality 0.70
Alignment Healthcare closes $330M convertible notes offering, repays $215M term loan
Alignment Healthcare, Inc.
- Sold $330M aggregate principal of 4.25% Convertible Senior Notes due 2029.
- Net proceeds approximately $321.05M after fees, discounts, and estimated expenses.
- Used $215M to repay and terminate existing term loan (SOFR+6.5%) with Oxford Finance, releasing all asset liens.
- Remaining net proceeds intended for general corporate purposes.
- Notes issued in private placement to QIBs and accredited investors under Section 4(a)(2).