A123 (AONE) Prices 18M Common Offering at 5.5% Discount; Prices $125M Notes Offering
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A123 Systems (Nasdaq: AONE) has priced an 18 million common offering at $6 per share.
The price is a 5.5% discount to yesterday's closing price of $6.35.
A123 has priced a $125 million Convertible Notes Offering as well. The Notes will bear an interest rate of 3.75% per year, payable on April 15 and October 15 of each year, commencing on October 15, 2011. The convertible notes will mature on April 15, 2016.
The company has granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of common stock, with respect to the stock offering, and up to $18,750,000 aggregate principal amount of the convertible notes, with respect to the convertible notes offering.
The price is a 5.5% discount to yesterday's closing price of $6.35.
A123 has priced a $125 million Convertible Notes Offering as well. The Notes will bear an interest rate of 3.75% per year, payable on April 15 and October 15 of each year, commencing on October 15, 2011. The convertible notes will mature on April 15, 2016.
The company has granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of common stock, with respect to the stock offering, and up to $18,750,000 aggregate principal amount of the convertible notes, with respect to the convertible notes offering.
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