American Eagle Outfitters (AEO +2.3%) has priced $400M of 3.75% convertible senior unsecured notes due April 15, 2025.
Initial purchasers granted up to an additional $60M of notes.
Closing date is April 27, 2020.
Interest on notes will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020.
Estimated net proceeds of ~$389.4M will be used for general corporate purposes.
