Purecycle announces private offering of $200.0 million of green convertible senior notes

Orlando, fl / accesswire / august 21, 2023 / purecycle technologies, inc. (nasdaq:pct), today, announced its intention to offer, subject to market conditions and other factors, $200.0 million aggregate principal amount at maturity of its green convertible senior notes due 2030 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the "securities act"). purecycle also expects to grant the initial purchaser of the notes an option to purchase, for settlement during a period of 13 days from, and including, the date the notes are first issued, up to an additional $30.0 million aggregate principal amount of the notes.
PCT Ratings Summary
PCT Quant Ranking