Terns Announces the Pricing of Upsized $150.15 Million Public Offering
Terns Unveils Public Offering Pricing
Terns has announced the pricing of its upsized public offering, amounting to $150.15 million. Jefferies and TD Cowen are leading the charge as book-running managers, ensuring the deal's robust management and distribution. Other key players include BMO Capital Markets and UBS Investment Bank, who are also acting as bookrunners in this major financial maneuver.
Strategic Financial Move
This offering is designed to enhance Terns’ capital structure amidst changing market dynamics. By opting for an upsized offering, the company aims to facilitate growth opportunities and bolster investor confidence.
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