Why Virgin Galactic (SPCE) Stock Fell Sharply on Thursday

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. SPY
9. XYZ
10. CVS

Go back to Why Virgin Galactic (SPCE) Stock Fell Sharply on Thursday

Virgin Galactic Holdings (SPCE) Prices $425M Convertible Senior Notes Offering

January 14, 2022 5:35 AM EST

Virgin Galactic Holdings, Inc. (NYSE: SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% convertible senior notes due 2027 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The issuance and sale of the notes are scheduled to settle on January 19, 2022, subject to customary closing conditions. Virgin Galactic also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and... More