2023-08-18 06:13:34 ET
Tetra Tech ( NASDAQ: TTEK ) priced a $500M aggregate principal amount of 2.25% convertible senior notes due 2028 in a private placement.
Initial purchasers of the notes have the option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $75M aggregate principal amount of the notes.
The sale of the notes to the initial purchasers is expected to close on August 22, 2023.
Net proceeds will be ~$487.1M (or ~$560.4M if the initial purchasers exercise their option to purchase additional notes in full)
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Tetra Tech prices $500M senior notes