CAMT - Camtek slumps on private offering of $140M convertible senior notes

Camtek (NASDAQ:CAMT) has proposed a private offering of $140M of Convertible Senior Notes due 2026. Terms of the notes, including the interest rate and the initial conversion price, will be determined at the time of pricing of the offering. The company plans to grant the initial purchasers an option to purchase up to an additional $20M of the Notes. The Notes will mature on December 1, 2026 and are convertible into cash, ordinary shares of Camtek or a combination thereof. Camtek may not redeem the Notes prior to December 6, 2024, except in the event of certain tax law changes. Net proceeds from the offering will be used for general corporate purposes. CAMT -3.28% AH

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Camtek slumps on private offering of $140M convertible senior notes