Itron Launches $600 Million Convertible Senior Notes Offering

Reuters02-23

Itron Launches $600 Million Convertible Senior Notes Offering

Itron Inc. announced plans to launch a private offering of $600.0 million of convertible senior notes due 2032 to qualified institutional buyers under Rule 144A, with an option for initial purchasers to buy up to an additional $90.0 million of notes. The company said it expects to use proceeds to fund capped call transactions, repurchase up to about $125.0 million of its common stock, repay its 0.00% convertible senior notes due 2026, and for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Itron Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9659097-en) on February 23, 2026, and is solely responsible for the information contained therein.

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