Why EV Stock Arrival (ARVL) Plummeted 15% Today
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Arrival Announces Proposed Offering of Green Convertible Senior Notes due 2026
November 17, 2021 6:31 AM ESTLUXEMBOURG, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Arrival (NASDAQ: ARVL), announced today the commencement of a proposed offering (the Notes Offering) of US$200 million in aggregate principal amount of green convertible senior notes due 2026 (the Notes), subject to market conditions and other factors. Arrival intends to grant the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$30 million aggregate principal amount of the Notes.
When issued, the Notes will be senior unsecured obligations of Arrival, and interest will be payable semi-annually in arrears. Upon conversion,... More
