NewsSOS
priced $1.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933.
The company, listed on the New York Stock Exchange under the ticker S, granted initial purchasers an option to buy up to an additional $187.5 million in notes during a 13-day period starting on the issuance date.
Settlement is expected on October 16, 2026, subject to customary closing conditions. The notes are general senior unsecured obligations that do not bear regular interest and whose principal amount does not accrete.
They mature on October 1, 2031, unless earlier converted, redeemed, or repurchased.
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