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GoPro Floating $100 Million in New Debt

TheMotleyFool

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GoPro (NASDAQ: GPRO) is tapping institutional investors for a new round of capital raising. The company announced Thursday that it is floating $100 million worth of convertible senior notes in a private placement.

The notes mature on Nov. 15, 2025, assuming they're not converted. As is typical with convertible securities, investors can opt to transform them into shares of the company, in this case GoPro's Class A common stock. The company has not determined the terms and rates of the conversion, nor has it fixed an interest rate for the notes. It promised that these details will be determined when the notes are priced.

Image source: Getty Images.

Source Fool.com

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