Voyager Closes $402.5M Convertible Notes Offering, Upsized from $350M
VOYG sits 91% above its 52-week low of $17.41.
Summary
Voyager completed its convertible senior notes offering, raising $402.5 million after the initial purchasers fully exercised their option, up from the originally announced $350 million. The notes were issued September 28, 2026, carry a 0% coupon, and have an initial conversion rate of 24.4978 shares per $1,000 principal, equivalent to a conversion price of $40.82 per share, a 30% premium to the September 23 closing price. Net proceeds were approximately $391.6 million, with $52.5 million allocated to capped call transactions to offset potential dilution, which have a cap price of $78.50. This follows the company's strong Q2 results and recent credit facility expansion, providing additional liquidity for general corporate purposes.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The 8-K confirms the notes were issued September 28, 2026, with initial conversion rate of 24.4978 shares per $1,000 principal, and capped call transactions cost approximately $52.5 million with a cap price of $78.50.
At the time of this announcement, VOYG was trading at $33.17 on NYSE in the Technology sector, with a market capitalization of approximately $2B. The 52-week trading range was $17.41 to $52.40. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.