Beyond Meat expects to raise $979.4 million from its debt offering after deducting the initial purchasers’ offering expenses, discounts, and commissions. Beyond Meat (BYND), the plant-based meat company, intends to use $73 million of the net proceeds to fund the cost of capped call transactions in relation to the pricing of notes and the remainder of the amount for general corporate purposes and working capital.   BYND has offered $1 billion zero-interest, senior, unsecured convertible notes due 2027 in a private placement to institutional buyers. This was an upsized offering from the earlier announced offering size of $750 million.
https://www.tipranks.com/news/beyond-meat-to-raise-979-4m-from-debt-sale