Bruker Corp (BRKR) has released an update.
Bruker Corporation has engaged in a financial agreement to issue CHF 100 million in senior notes to institutional investors, split equally between Series A and Series B, with maturity dates in 2036 and 2039 respectively. The closing, which is contingent on customary conditions, is anticipated for April 15, 2024, but is not guaranteed. The notes, which are guaranteed by some of the company’s subsidiaries, offer semi-annual interest payments, and come with prepayment terms and restrictive covenants to maintain certain financial ratios and limit indebtedness. The proceeds are intended for acquisitions, refinancing, and general corporate needs.
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