AST SpaceMobile Repurchases $296.5 Million of Convertible Notes Due 2032

Reuters06:04
<a href="https://laohu8.com/S/ASTSW">AST SpaceMobile</a> Repurchases $296.5 Million of Convertible Notes Due 2032

AST SpaceMobile Inc. said it completed privately negotiated repurchases of portions of its convertible senior notes due 2032, buying back about $46.5 million principal of its 4.25% notes and $250.0 million principal of its 2.375% notes. The company paid roughly $180.5 million and $433.7 million in cash, respectively, and said the repurchases were funded with net proceeds from concurrent registered direct equity offerings and cash on hand.

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