Bigbear.ai announces exchange of a portion of its existing 6.00% convertible senior notes due 2026 for new 6.00% convertible senior secured notes due 2029

Columbia, md.--(business wire)--bigbear.ai holdings, inc. (nyse: bbai) (“bigbear.ai” or the “company”) today announced that, on december 19, 2024, it has entered into separate, privately negotiated exchange agreements (the “exchange agreements”) with a limited number of holders of its 6.00% convertible senior notes due 2026 (the “existing convertible notes”). pursuant to such exchange agreements, bigbear.ai will exchange (the “exchange transactions”) approximately $182.3 million in aggregate pr.
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