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MMYT - MakeMyTrip slides on $175M notes offering proposal
MakeMyTrip Limited
MakeMyTrip (MMYT) is down 4.21% postmaket after proposed offering of up to $175M of convertible senior notes due 2028; the interest rate, the initial conversion rate and other terms not yet determined.Initial purchasers will be given an option to purchase up to an additional $25M notes.The company intends to use the net proceed for working capital and other general corporate purposes.Previously (Jan. 28): MakeMyTrip EPS beats by $0.13, misses on revenue