CWB: Offers $200M Notes
CWB announces a $200M convertible senior notes offering due 2032
Intends to grant underwriters a 30-day option to purchase up to an additional $30M aggregate principal amount of notes. - Notes will be general unsecured obligations, with interest payable semiannually in arrears, and will mature July 1st, 2032 unless earlier converted, redeemed or repurchased. - Interest rate, initial conversion rate and other terms will be determined at pricing.
Net proceeds are expected to fund capped call transaction costs, repay all obligations under the senior secured loan agreement and support general corporate purposes.