Ann: Trading halt, page-37

Here are some other examples of late... with details and commentary:-

Peloton:-
https://investor.onepeloton.com/news-releases/news-release-details/peloton-interactive-inc-announces-closing-10-billion-0
- $1B Gross Total ($875M + full exercise of $125M). Net proceeds to be $976.8M.
- 0% Interest with notes fully maturing in 5 years (Feb 11th, 2026).
- Notes are convertible at a initial conversion price of $239.23/share (~55% increase from current stock price).
- Peloton used $81.3M to pay the capped call transaction.
- Peloton intends to use the remainder of the net proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures, including for the construction or expansion of facilities, and investments in and acquisitions of other companies, products or technologies that Peloton may identify in the future.

0% 5 year convertible loan is about as good of terms as any loan (not given to government insiders, and corrupt government programs)
FWIW, CEO John Foley tweeted this is the “best 5 year convertible terms in history of the convert market!” (His exclamation mark, not mine.)

Docusign:-
https://investor.docusign.com/investors/press-releases/press-release-details/2021/DocuSign-Announces-Closing-of-690.0-Million-of-0-Convertible-Senior-Notes-Due-2024-including-Full-Exercise-of-Initial-Purchasers-90.0-Million-Option-to-Purchase-Additional-Notes/default.aspx
DOCU pulled in $690M at 0% last month, but that was a 3-year term