Cutera announces $100M convertible senior notes offering

Cutera announced that it intends to offer, subject to market conditions and other factors, $100M aggregate principal amount of convertible senior notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers. Cutera intends to use a portion of the net proceeds from the offering to pay the aggregate cost of the capped call transactions. If the initial purchasers exercise their option to purchase additional notes, Cutera expects to use a portion of the net proceeds from the sale of such additional notes to enter into additional capped call transactions. Cutera intends to use the remainder of net proceeds from the offering for general corporate purposes, which may include placements of AviClear, working capital, capital expenditures, potential acquisitions and strategic transactions, potential repurchases of its common stock and potential repurchases or exchanges of its existing convertible senior notes.