WhiteFiber Launches $200 Million Private Placement of Convertible Notes

Reuters01-22
WhiteFiber Launches $200 Million Private Placement of Convertible Notes

WhiteFiber Inc. has announced a proposed private placement of $200 million in Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $30 million of notes. The offering will be made to qualified institutional buyers under Rule 144A and will not be registered under the Securities Act. Proceeds are intended for data center expansion, property acquisition, construction, energy agreements, equipment purchases, potential acquisitions, partnerships, and general corporate purposes. The company also plans to enter into a zero-strike call option transaction related to the offering to facilitate hedging activities for investors in the notes.

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