Summary by Moomoo AI
On February 6, 2024, Rocket Lab USA, Inc. completed the issuance of $355 million in 4.250% Convertible Senior Notes due in 2029. The notes were issued following an indenture agreement with U.S. Bank Trust Company, National Association, serving as trustee. This financial move includes $55 million in additional notes exercised by initial purchasers. The notes are senior, unsecured obligations of Rocket Lab, ranking equally with future senior unsecured debt, and are structurally subordinated to the company's existing and future secured debt. Interest on the notes is payable semi-annually, with the first payment due on August 1, 2024, and the notes will mature on February 1, 2029, unless converted, redeemed, or repurchased prior. The initial conversion rate is set at approximately 195.1029 shares of common stock per $1,000 principal amount...Show More