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Xometry Announces Convertible Debt Refinancing and Closing of $250 Million of 0.75% Convertible Senior Notes Offering
XMTRXometry(XMTR) Globenewswire·2025-06-13 04:41

Issued 250millionprincipalamountofconvertiblenotesduein2030,withtheproceedsusedinparttoretireapproximately250 million principal amount of convertible notes due in 2030, with the proceeds used in part to retire approximately 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 ...