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Article Date: April 2017
Word Count: 134

GoPro to Issue New Debt on Tough Terms


GPRO is offering $175 million in principal amount of 3.50% convertible senior unsecured notes due in 2022 in a private placement, with part of the proceeds to be used to help the buyer short the company. The arrangement, called a “prepaid forward,” calls for GoPro to purchase shares of its own Class A common stock on behalf of a counterparty who is an affiliate of the debt ... Log in to view full article.

 


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