WhiteFiber upsized its convertible note offering to $270M from $250M, including a $40M option for initial buyers.
WhiteFiber (WYFI) priced $270M in 5.00% convertible senior notes maturing September 1, 2032, increasing the offering from an initial $250M. The notes include a $40M purchase option for initial buyers and carry a 5% annual interest rate.
The offering was upsized after strong demand, reflecting investor appetite for convertible debt. The notes may be converted, redeemed, or repurchased before maturity under certain conditions.
Shares of WYFI fell following the announcement, though the company did not disclose specific reasons for the decline.