Bruker Corp (BRKR) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Bruker Corporation is set to issue CHF 100 million in senior notes to institutional investors in a private offering. These notes, split into two series due in 2036 and 2039, carry low-interest rates of 2.60% and 2.62% respectively. The deal, which hinges on customary closing conditions, is expected to finalize on April 15, 2024, but there’s no guarantee it will proceed. The company and some subsidiaries will unconditionally guarantee these unsecured notes, which can be prepaid under certain conditions. The agreement also imposes financial covenants to maintain the company’s leverage and interest coverage ratios within set limits, with proceeds aimed at funding acquisitions, refinancing debt, and other corporate activities.
For further insights into BRKR stock, check out TipRanks’ Stock Analysis page.