BUZZ-Voyager Technologies plans to launch a $350 million convertible bond offering

September 22 - ** Defense and aerospace technology company Voyager Technologies (VOYG.N) saw its shares drop 11% to $33.41 in after-hours trading as the company seeks financing

** The Denver, Colorado-based company is privately issuing $350 million in convertible bonds (link), which will mature on October 15, 2032

** The company plans to use the net proceeds for general corporate purposes and to pay part of the cost of a “capped call transaction” to help offset potential equity dilution

** On Tuesday, VOYG shares closed down 0.3% at $37.53, narrowing their year-to-date gain to about 44%

** The company currently has a market capitalization of approximately $2.3 billion

** According to LSEG data, out of the 11 analysts covering VOYG, 9 rate it as a “strong buy” or “buy”, while 2 analysts rate it a “sell”; the median target price is $48

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