SpaceX plans to issue at least $20 billion in bonds to refinance its bridge loans
Svmuu News: Sources familiar with the matter revealed that SpaceX’s (SPCX.O) team of investment banks is set to hold investor conference calls as early as next week to discuss plans for a bond offering following the company’s record-breaking IPO.The sources said the bond offering is expected to be at least $20 billion, with investor outreach set to begin as early as Monday; however, the specific plans and timeline are still subject to change. SpaceX plans to issue investment-grade U.S. dollar-denominated bonds for the first time, with the proceeds to be used to refinance a $20 billion bridge loan maturing in September 2027.SpaceX’s IPO filing with the U.S. Securities and Exchange Commission (SEC) shows that as of March 31, this bridge loan accounted for the bulk of the company’s $29.1 billion in long-term debt.Sources said that Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley jointly provided this bridge loan and will serve as joint lead underwriters for the bond offering. (Jin Shi)
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Analysis of TB Coin’s Value: Multiple Projects Share the Same Code, but Investment Potential Varies
-
2
What Is VSC? An Overview of the Vyvo Coin (VSC) Project and Its Current Market Status
-
3
What is ANTS? It is a shared symbol used by multiple projects; be sure to verify which one you are investing in before proceeding.
-
4
When Will the Uniswap Decentralized Exchange Launch? An Analysis of Its Origins and Core Mechanisms
-
5
Analysis of OZONE Token Value: Distinguishing the Investment Potential of Ozonechain (OZO) and Ozone Metaverse ($OZONE)
-
6
What Is KNC? An Analysis of the Functions and Trading Platform of KNC, the Core Token of Kyber Network
-
7
LTC Litecoin: A Review of Price Trends and Halving Events Over the Past Seven Years (2019–2026)
-
8
WPC Coin Analysis: The Current Status and Future Prospects of World Peace Coin and WePiggy Coin
-
9
A Roundup of Key Listed Companies in the Metaverse: Who Are the Key Players in Building the Virtual World?
-
10
GHC (Galaxy Heroes Coin) Value Analysis: Project Overview and Investment Considerations
Markets Today
Recommended Reading












