QualityStocksNewsBreaks – Rocket Lab USA Inc. (NASDAQ: RKLB) Closes on $355M Private Offering
Rocket Lab USA (NASDAQ: RKLB), a global leader in launch services and space systems, has closed on its private offering. The transaction was a $355 million principal amount of 4.250% convertible senior notes due 2029; the notes are due to those reasonably believed to be qualified institutional buyers. According to the announcement, the total amount of the offering comes from both the previously announced, upsized offering of $300 million combined with the full exercise of the $55 million option to purchase additional notes, which Rocket Lab granted to initial purchasers of the notes. The company anticipates using funds from the…
