Proficient Auto Logistics Announces Pricing of $75 Million Convertible Bond Offering
Proficient Auto Logistics, a leader in North American auto transport and logistics, priced a $75 million private offering of convertible senior notes due 2033 at an initial conversion price premium of 27.5% over recent stock price. Net proceeds will refinance existing debt and pay premiums for capped call transactions designed to mitigate dilution.…