TLDR Plug Power priced $375 million in 6.75% convertible senior notes due 2033, with net proceeds of approximately $347.2 million The company plans to use $245.6 million to repay its 15% secured debentures and another $154 million to buy back 7% notes due in 2026 The new notes convert at roughly $3.00 per share, representing [...] The post Plug Power (PLUG) Stock Drops 21% After $375 Million Convertible Notes Offering appeared first on CoinCentral.
