- Chefs’ Warehouse Inc (NASDAQ:CHEF) has priced the $250 million aggregate principal amount of 2.375% convertible senior notes due 2028.
- The company also granted the initial purchasers of the convertible notes an option to purchase additional $37.5 million of convertible notes.
- The sale of convertible notes to the initial purchasers is expected to settle on December 13, 2022.
- The notes will bear interest at a rate of 2.375% per year and will pay interest semiannually in arrears on June 15 and December 15 of each year, beginning on June 15, 2023.
- The company expects to use approximately $159.8 million of the net proceeds to pay concurrent exchange transactions and the remainder for general corporate purposes.
- Price Action: CHEF shares are trading lower by 0.09% at $34.02 on the last check Friday.
Short Volatility Alert: Gran Tierra Energy Inc.
On Monday, shares of Gran Tierra Energy Inc. (NYSE: GTE) experienced volatile short activity. After the activity, the stock price went down -5.93% to $1.35.
The overall sentiment for GTE has been Bullish.
