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home / articles / RUN - Why Sunrun (RUN) Stock Is Trading Lower | Benzinga

RUN - Why Sunrun (RUN) Stock Is Trading Lower | Benzinga

Sunrun Inc.

Sunrun Inc (NASDAQ:RUN) shares are trading lower by 4% to $12.26 during Friday’s session after the company priced a $475 million aggregate principal amount of 4.00% convertible senior notes due 2030 in a private placement. Additionally, the initial purchasers have an option to buy up to an additional $75 million aggregate principal amount of the notes.

The notes will bear interest at a rate of 4.00% per year, payable semi-annually, and will mature on March 1, 2030. The initial conversion rate is set at 61.3704 shares of Sunrun’s common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $16.29 per share. Sunrun estimates the net proceeds from the offering to be approximately $462.8 million. ...

RUN) Stock Is Trading Lower>Full story available on Benzinga.com
Stock Information
Company Name: Sunrun Inc.
Stock Symbol: RUN
Market: NASDAQ
Website: sunrun.com
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