GoPro plans to repurchase up to $50 million 1.25% convertibles

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – GoPro Inc.’s board of directors authorized the company to repurchase up to $50 million of its 1.25% convertible senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

GoPro expects to enter into one or more separate and individually negotiated transactions with some holders of the convertibles to repurchase them for cash on terms to be negotiated separately with each holder.

The repurchases may be completed through Dec. 31, 2024.

The terms of each note repurchase will depend on several factors, including the market price of the company’s class A common stock and the trading price of the convertibles at the time of each repurchase.

GoPro is a San Mateo, Calif.-based technology company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.