- American electronics company Plantronics Inc (NYSE: PLT) priced 4.75% senior notes due 2029 in a private offering to raise $500 million.
- The offering proceeds will be utilized to repay its outstanding 5.50% Senior Notes due 2023 and related fees and expenses. Any remaining proceeds will be used for general corporate purposes, including loan repayment.
- The company's long-term debt balance stood at $1.6 billion as of December 26, 2020.
- Price action: PLT shares closed lower by 4.09% at $41.49 on Thursday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in