NYSE:HIMSHealthcare
Hims & Hers Health (HIMS) Is Down 23.5% After Zero-Coupon Convertible Note Offering - What's Changed
Earlier this month, Hims & Hers Health, Inc. completed a US$350 million offering of callable, senior unsecured zero-coupon convertible notes due June 1, 2032, issued via a Rule 144A private placement to fund international expansion, technology upgrades, and the proposed Eucalyptus acquisition.
This fresh fixed-income capital adds to the company’s convertible debt stack at a time of margin pressure and a recent swing from net income of US$49.49 million to a net loss of US$92.12 million in the...