Beyond meat, inc. prices upsized $1 billion convertible senior notes offering

El segundo, calif., march 02, 2021 (globe newswire) -- beyond meat, inc. (nasdaq: bynd) (“beyond meat”) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 0% convertible senior notes due 2027 (the “notes”) in a private offering to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). the offering size was increased from the previously announced offering size of $750,000,000 aggregate principal amount of notes. the issuance and sale of the notes are scheduled to settle on march 5, 2021, subject to customary closing conditions. beyond meat also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $150,000,000 principal amount of notes.
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