Why Barnes & Noble Education Shares Are Diving Today
Why Barnes & Noble Education Shares Are Diving Today
Barnes & Noble Education, Inc. (NYSE:BNED) shares are trading lower after it announced a short-term shareholder rights plan and a new equity investment.
Barnes & Noble Education, Inc.（紐約證券交易所代碼：BNED）在宣佈短期股東權益計劃和新的股權投資後，股價走低。
In particular, the company inked a definitive deal with Immersion Corporation (NASDAQ:IMMR) and existing shareholders and strategic partners regarding new equity and refinancing transactions to boost long-term financial position.
特別是，該公司與Immersion Corporation（納斯達克股票代碼：IMMR）以及現有股東和戰略合作伙伴就新的股權和再融資交易簽署了最終協議，以改善長期財務狀況。
After closing the transactions in June 2024, Barnes & Noble will receive $95 million of new capital through a $50 million equity investment and a $45 million fully backstopped equity rights offering led by immersion.
在2024年6月完成交易後，Barnes & Noble將通過5000萬美元的股權投資和由Immersion牽頭的4,500萬美元全額支持的股權發行，獲得9500萬美元的新資本。
The deal is projected to infuse net cash proceeds after transaction costs of about $75 million.
該交易預計將在扣除約7500萬美元的交易成本後注入淨現金收益。
Also, the company plans to eliminate about $34 million of debt through equitization of second lien term loans, reflecting the strong support of key strategic partners.
此外，該公司計劃通過對第二留置權定期貸款進行股權化來消除約3,400萬美元的債務，這反映了主要戰略合作伙伴的大力支持。
Barnes & Noble has received commitments to refinance its existing asset-backed loan facility, which provides access to a $325 million facility maturing in 2028.
Barnes & Noble已收到爲其現有資產支持貸款機制再融資的承諾，該融資機制提供了獲得將於2028年到期的3.25億美元貸款的機會。
Apart from this, the board of directors approved adopting a short-term stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding common share.
除此之外，董事會批准通過一項短期股東權益計劃，並宣佈對每股已發行普通股分配一份優先股購買權的股息。
The rights will be exercisable only if a person or group acquires 10% or more of the company's common shares and each right will entitle stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock at an exercise price of $5.00.
只有當個人或團體收購公司10％或以上的普通股時，這些權利才能行使，每項權利將使股東有權以5.00美元的行使價購買新系列初級參與優先股的千分之一股份。
Investors can gain exposure to the stock via IShares Microcap ETF (NYSE:IWC) and Invesco FTSE RAFI US 1500 Small Mid ETF (NASDAQ:PRFZ).
投資者可以通過iShares Microcap ETF（紐約證券交易所代碼：IWC）和景順富時RAFI美國1500小型中型ETF（納斯達克股票代碼：PRFZ）獲得股票敞口。
BNED Price Action: Barnes & Noble Education shares are down 68.91% at 0.22 cents at publication Tuesday.
BNED價格走勢：週二公佈時，巴恩斯和諾布爾教育股價下跌68.91％，至0.22美分。
Photo: Joyseulay via Shutterstock
照片：來自 Shutterstock 的 Joyseulay
譯文內容由第三人軟體翻譯。