Terns Announces the Pricing of Upsized $150.15 Million Public Offering

Tuesday, 10 September 2024, 21:06

Terns Announces an upsized public offering of $150.15 million, with Jefferies and TD Cowen acting as lead book-running managers. BMO Capital Markets and UBS Investment Bank also partake in this significant financial event. This offering is a strategic move to bolster the company’s capital structure.
LivaRava_Finance_Default_1.png
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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe