BrightSpring Health Services, Inc. (BTSG) has released an update to notify the public and investors about an entry into a material definitive agreement.
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BrightSpring Health Services, Inc. conducted an initial public offering of its common stock and a concurrent offering of 6.75% tangible equity units. The offerings were supported by underwriting agreements with Goldman Sachs & Co. LLC and detailed in prospectuses filed with the SEC. The equity units, listed on Nasdaq, comprise a prepaid stock purchase contract and a senior amortizing note, with terms for early settlement and adjustments based on market values, as well as rights for note holders in the event of early settlement by the company. The agreements and notes include customary covenants and default provisions, with the components of the units being separable and combinable post-issuance.
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For a comprehensive understanding of the announcement, you can read the full document here.