Xometry Announces Convertible Debt Refinancing and Closing of $250 Million of 0.75% Convertible Senior Notes Offering
Issued 202 million principal amount of existing convertible notes due in 2027Opportunistic refinancing extends the maturity of most of Xometry’s existing debt with improved terms, a lower coupon and reduced potential dilution to the existing capital structureXometry purchased a capped call hedge with a cap price initially at $63.35, which represents a 75% premium over the market price on t ...