Bruker Corp (BRKR) has released an update.
Bruker Corporation has entered into an agreement with institutional investors to issue CHF 100 million in Senior Notes, maturing in 2036 and 2039, in a transaction exempt from standard securities registration. The sale, subject to customary conditions, is expected to close on April 15, 2024, but completion is not guaranteed. These unsecured notes, with semi-annual interest payments, include provisions for early repayment, including a “make-whole” amount and other fees. The agreement enforces financial covenants on the Company, such as leverage and interest coverage ratios, and restricts certain corporate actions. The raised funds will support acquisitions, refinance debt, and other corporate activities.
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