Reported Earlier, Impinj Agrees To Exchange $56.3M Of 1.125% Convertible Notes Due 2027 For $56.5M Cash And 188,451 Shares
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Why It Matters
Impinj traded some of its old debt (money it owes) for cash and company stock. This can mean the company wanted to reduce its debt burden and reshape how it pays back lenders.
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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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