Gorilla Technology prices USD 125 million 7.5% senior unsecured convertible notes due 2031

PUBT · 2d ago
Gorilla Technology prices USD 125 million 7.5% senior unsecured convertible notes due 2031
  • Gorilla Technology priced a USD 125 million 7.50% Senior Unsecured Convertible Notes, Series B due 2031 private placement.
  • Proceeds earmarked for advance payments, equipment purchases for the NeutraDC Batam data center project in Indonesia, remaining for general corporate purposes.
  • Notes convert at 39 ordinary shares per USD 1,000, implying an initial conversion price of USD 25.48, a 52% premium to the prior close.
  • Offering expected to close around July 17, subject to customary conditions.


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