Procore Prices Upsized $825M Convertible Senior Notes Due 2031 To Fund DroneDeploy Acquisition And $175M Buyback Of 3.17M Shares At $55.26
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Why It Matters
Procore borrowed money by selling special bonds to buy a drone company and give some cash back to shareholders. When a company borrows to grow and reward owners at the same time, watch if the new business helps earnings grow enough to pay back the debt.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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