GoPro’s press release of yesterday had the following title: “GoPro to Offer $150 Million of Convertible Senior Notes due 2022.” Well, okay, they’ve run through a lot of cash lately. That they might want to raise some makes sense. We don’t yet know anything about the terms. “The interest rate, conversion rate, offering price and other terms are to be determined upon pricing of the notes,” the press release says.
Here’s the link to the press release. I’m hoping one of you who has more experience with this kind of deal might call me or post a comment on my web site explaining it.