Cheesecake Factory Inc.

NASDAQ:CAKE   3:59:55 PM EDT
37.50
-0.77 (-2.01%)
4:05:48 PM EDT: $37.70 +0.20 (+0.53%)
Debt Financing / Related, Equity Financing / Related

Cheesecake Factory To Offer $300 Million Convertible Senior Notes Due 2026 And $175 Million Of Common Stock In Separate Public Offerings

Published: 06/10/2021 11:38 GMT
Cheesecake Factory Inc. (CAKE) - The Cheesecake Factory Incorporated Announces Proposed Offerings of Convertible Senior Notes and Common Stock.
Cheesecake Factory - Intention to Offer $300 Million Convertible Senior Notes Due 2026 and $175 Million of Common Stock in Separate Public Offerings.
Cheesecake Factory - to Use Net Proceeds From Offerings to Fund Cash Consideration of About $457.4 Million Payable in Preferred Stock Repurchase.
Cheesecake Factory Inc - Intends to Use Remaining Net Proceeds, If Any, for Repayment of Debt Under Co's Revolving Credit Facility.