Hewlett Packard Enterprise commences $1.35 bln offering of Series C Mandatory Convertible Preferred Stock (17.60 +0.07)
- Co expects to grant the underwriters in the Offering a 30-day option to purchase up to an additional $150 million (3 million shares) of Preferred Stock to cover over-allotments, if any.
- Each share of Preferred Stock will have a liquidation preference of $50.00 per share. Unless earlier converted at the option of the holders or redeemed at the option of HPE, each share of Preferred Stock will automatically convert into a number of shares of common stock on or around September 1, 2027, based on the applicable conversion rate.