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Tilray stock drops nearly 20% after convertible notes offered to help pay down debt

Por: MarketWatch Politics May 26, 2023

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Since Tilray , the stock has logged six sessions where it has closed down more than 20%, the last being the stock’s worst one-day performance ever, on Late Thursday, the company said it was issuing $150 million in senior convertible notes due in 2027, with underwriters Jefferies and B. of A. Securities getting a 30 -day option to offer an additional $22.5 million. In a statement, the company said the offering will result in lower interest... + full article



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