Keel Infrastructure Corp. announced its intention to offer $350 million in convertible senior notes, with a maturity date of 2032. The offering, subject to market conditions, is intended to raise capital for strategic transactions and general corporate purposes.
Key Details
- Offering: A proposed $350 million aggregate principal amount of convertible senior notes, maturing on January 15, 2032.
- Purchaser Option: Initial purchasers will have a 13-day option to acquire up to an additional $58 million in aggregate principal amount of the notes.
- Use of Proceeds: Funds are designated for capped call transactions to reduce potential shareholder dilution, with the remainder for general corporate purposes, including accelerating data center development.
- Note Terms: The notes will be senior, unsecured obligations of the company and will be fully guaranteed by its wholly owned subsidiary, Bitfarms Ltd.