ADVANCED ENERGY INDUSTRIES INC 8K

Advanced Energy Industries, Inc. is redeeming all $136.7 million of its remaining 2.50% Convertible Senior Notes due 2028 on September 23, 2026, while offering noteholders the option to convert their notes into cash and stock before the redemption date under an enhanced conversion rate.

Advanced Energy Industries, Inc. announced that it has issued a notice of redemption to redeem all $136,709,000 of its remaining outstanding 2.50% Convertible Senior Notes due 2028 on September 23, 2026, at a redemption price equal to 100% of the principal amount plus accrued but unpaid interest up to, but excluding, the redemption date, pursuant to the September 12, 2023 Indenture with U.S. Bank Trust Company, National Association. Holders may convert their notes at any time up to 5:00 p.m. New York City time on September 22, 2026, with the company electing to settle conversions in cash for principal and in shares of common stock for any conversion value in excess of principal, based on a current conversion rate of 7.2747 shares per $1,000 principal amount (approximately $137.46 per share) plus an additional 0.0743 shares per $1,000 for conversions in connection with the redemption notice. Interest will cease to accrue on and after the redemption date, and after that date holders will only have the right to receive the redemption price upon surrender of their notes, unless the company defaults in payment.

Filing Facts

CIK

927003

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-073207

Alert Tier

7