CorEnergy Infrastructure Trust Inc. plans to offer $100 million in convertible senior notes to institutional buyers.
The interest rate and conversion rate for the notes have not been determined. The notes will pay interest twice a year and can be converted to shares of the Kansas City-based company's common stock (NYSE: CORR) anytime prior to the maturity date on Aug. 15, 2025.
CorEnergy expects to use up to $70 million of the funds to repurchase a portion of its outstanding 7% convertible senior…
CorEnergy Infrastructure Trust Inc. plans to offer $100 million in convertible senior notes to institutional buyers.
The interest rate and conversion rate for the notes have not been determined. The notes will pay interest twice a year and can be converted to shares of the Kansas City-based company's common stock (NYSE: CORR) anytime prior to the maturity date on Aug. 15, 2025.
CorEnergy expects to use up to $70 million of the funds to repurchase a portion of its outstanding 7% convertible senior…