The SpaceX announced this Monday, the 22nd, the beginning of a private offering of senior unsecured notes aimed at qualified institutional investors in the United States and international investors, in an operation that will mark the company’s debut in the debt securities market.
The company informed that it intends to use the net resources raised to fully pay off the outstanding loans under its bridge loan facility, in addition to covering fees and expenses related to the transaction and allocating any remaining balance for general corporate purposes.
In a document sent to the Securities and Exchange Commission (SEC, the US CVM), the company also updated its liquidity position, stating that it had approximately US$100.8 billion in cash and cash equivalents on June 19.
SpaceX highlighted, however, that the amount recorded at the end of the second quarter could be “materially different” and warned investors not to place excessive confidence in the preliminary data.
According to the company, the securities will be unsecured obligations and will have the same payment priority as other existing and future unsubordinated debts and liabilities of the company. The final terms of the issuance, including pricing and volume, will depend on market conditions.
The operation takes place just days after the debut of SpaceX shares on Nasdaq. The company highlighted that the offering securities have not been registered under US securities laws and will be distributed through regulatory exemptions applicable to qualified investors.
Source: www.noticiasaominuto.com.br
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