WhiteFiber plans private placement of USD 250 million convertible senior notes due 2032
Reuters2026/08/18 20:22- WhiteFiber unveiled a proposed private placement of USD 250 million Convertible Senior Notes due 2032 under Rule 144A.
- Initial purchasers may buy up to an additional USD 37.5 million of notes within 13 days of issuance.
- Proceeds earmarked for cash consideration in concurrent note exchanges, with remaining funds directed to data center expansion.
- Note exchanges could involve cash and ordinary shares, with potential share selling pressure from holders unwinding hedges.
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