$460 Million Raised: Planet Labs Completes Major Convertible Note Offering with 0.50% Interest Rate

Planet Announces Closing of Private Upsized Offering of $460,000,000 of 0.50% Convertible Senior Notes Due 2030

Strengthens balance sheet to fuel long-term growth at an attractive rate Structured efficiently with five-year maturity and $18.04 effective conversion price per shareSAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL) today announced the closin... L'articolo Planet Announces Closing of Private Upsized Offering of $460,000,000 of 0.50% Convertible Senior Notes Due 2030 è un contenuto originale di 01net.

$460 Million Raised: Planet Labs Completes Major Convertible Note Offering with 0.50% Interest Rate

Planet Labs PBC closes upsized $460M convertible senior notes due 2030 at 0.50% interest rate. Includes capped call structure with $18.04 effective conversion price, minimizing shareholder dilution.