- AeroVironment (NASDAQ:AVAV) proposes $750M common stock and $600M convertible notes offerings.
- Includes 30-day over-allotment options of up to $112.5M (stock) and $90M (notes) for underwriters.
- Proceeds will be used to repay term loan and revolving credit facility borrowings, with remaining funds for general corporate purposes, including manufacturing expansion.
- AVAV shares down 8.5% post-market on Monday.
- Source: Press release
