Convertible Senior Notes Offerings by Grab Holdings and Cracker Barrel - To The Moon

Convertible Senior Notes Offerings by Grab Holdings and Cracker Barrel

Grab Holdings plans to offer $1.25 billion of convertible senior notes due 2030 for general corporate purposes and potential acquisitions. Cracker Barrel Old Country Store Inc. announces a proposed private offering of convertible senior notes due in 2030 with an aggregate principal amount of $275 million, with an option for an additional $41.25 million. The proceeds from both offerings will be used for various purposes including general corporate activities.

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- QiQi12QiQi12
  ·2025-06-11
  Who thought of this dumbest idea to buy a dying go to for 7b?!
  Grab Plans $1.25 Billion Convertible Bond for Acquisitions
  Grab Holdings (GRAB) said Monday that it plans to offer $1.25 billion of convertible senior notes due 2030.The company said proceeds would be used among others for general corporate purposes, to optimize strategic flexibility, which may include potential acquisitions, and for repurchase of shares.
  Grab Plans $1.25 Billion Convertible Bond for Acquisitions
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- QiQi12QiQi12
  ·2025-06-11
  Who thought of this dumbest idea to buy a dying go to for 7b?!
  Grab Plans $1.25 Billion Convertible Bond for Acquisitions
  Grab Holdings (GRAB) said Monday that it plans to offer $1.25 billion of convertible senior notes due 2030.The company said proceeds would be used among others for general corporate purposes, to optimize strategic flexibility, which may include potential acquisitions, and for repurchase of shares.
  Grab Plans $1.25 Billion Convertible Bond for Acquisitions
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The securities will carry a coupon of zero to 0.5% a year, payable semiannually, and the bonds will carry a conversion premium of about 35% to 40% to the stock’s closing price on Tuesday, according to terms of the deal seen by Bloomberg News.Grab joins the flurry of sales of bonds that can be swapped into stock by Asian companies this year. That’s particularly been the case with Chinese firms as issuers from Baidu Inc. to Ping An Insurance Group Co. of China announced sizeable deals in recent months.Aside from possible acquisitions, Grab said it plans some share buybacks — the company has $274 million remaining under its share-repurchase program as of the end of March. The bonds will be redeemable, under certain conditions, from mid 2028.As for the GoTo acquisition, Grab on Monday signaled that it was halting or at least pausing a planned $7 billion acquisition. The pair of ride-hailing and food-delivery companies have held on-and-off talks for years but a combination never materialized, partly because of antitrust concerns likely to arise from combining the two dominant players in Southeast Asia.Grab’s offering is the largest Asian convertible-bond deal denominated in US dollars since Ping An’s $3.5 billion deal in July 2024, and the biggest by a non-Chinese company since Korean chipmaker SK Hynix Inc.’s $1.7 billion issuance in 2023. Ping An last week also issued convertible bonds worth $1.5 billion, denominated in Hong Kong dollars.Morgan Stanley, HSBC Holdings Plc and JPMorgan Chase & Co. are joint global coordinators of the deal.","news_type":1,"symbols_score_info":{"GRAB":1}},"isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[{"id":444662401004016,"gmtCreate":1749584551366,"gmtModify":1749592450713,"author":{"id":"3561240334472185","authorId":"3561240334472185","name":"QiQi12","avatar":"https://community-static.tradeup.com/news/a2982a8fe738a162f2fe6ee80ff5c57e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561240334472185","authorIdStr":"3561240334472185"},"themes":[],"htmlText":"Who thought of this dumbest idea to buy a dying go to for 7b?!","listText":"Who thought of this dumbest idea to buy a dying go to for 7b?!","text":"Who thought of this dumbest idea to buy a dying go to for 7b?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/444662401004016","repostId":"2542358961","repostType":2,"repost":{"id":"2542358961","kind":"highlight","pubTimestamp":1749515562,"share":"https://ttm.financial/m/news/2542358961?lang=en_US&edition=fundamental","pubTime":"2025-06-10 08:32","market":"fut","language":"en","title":"Grab Plans $1.25 Billion Convertible Bond for Acquisitions","url":"https://stock-news.laohu8.com/highlight/detail?id=2542358961","media":"Bloomberg","summary":"Grab Holdings (GRAB) said Monday that it plans to offer $1.25 billion of convertible senior notes due 2030.The company said proceeds would be used among others for general corporate purposes, to optimize strategic flexibility, which may include potential acquisitions, and for repurchase of shares.","content":"<div>\n<p>Grab Holdings Ltd. is planning a $1.25 billion sale of bonds convertible into stock, partly to bulk up its warchest for acquisitions amid signs that talks to take over rival delivery-and-transport ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-06-10/grab-plans-1-25-billion-convertible-bond-sale-for-acquisitions?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The securities will carry a coupon of zero to 0.5% a year, payable semiannually, and the bonds will carry a conversion premium of about 35% to 40% to the stock’s closing price on Tuesday, according to terms of the deal seen by Bloomberg News.Grab joins the flurry of sales of bonds that can be swapped into stock by Asian companies this year. That’s particularly been the case with Chinese firms as issuers from Baidu Inc. to Ping An Insurance Group Co. of China announced sizeable deals in recent months.Aside from possible acquisitions, Grab said it plans some share buybacks — the company has $274 million remaining under its share-repurchase program as of the end of March. The bonds will be redeemable, under certain conditions, from mid 2028.As for the GoTo acquisition, Grab on Monday signaled that it was halting or at least pausing a planned $7 billion acquisition. The pair of ride-hailing and food-delivery companies have held on-and-off talks for years but a combination never materialized, partly because of antitrust concerns likely to arise from combining the two dominant players in Southeast Asia.Grab’s offering is the largest Asian convertible-bond deal denominated in US dollars since Ping An’s $3.5 billion deal in July 2024, and the biggest by a non-Chinese company since Korean chipmaker SK Hynix Inc.’s $1.7 billion issuance in 2023. Ping An last week also issued convertible bonds worth $1.5 billion, denominated in Hong Kong dollars.Morgan Stanley, HSBC Holdings Plc and JPMorgan Chase & Co. are joint global coordinators of the deal.","news_type":1,"symbols_score_info":{"GRAB":1}},"isVote":1,"tweetType":1,"viewCount":1086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"allBottom":false,"essenBottom":false}