Luminar Restructures Existing Debt and Raises New Capital
August 10, 2024
August 10, 2024
BOSTON, Massachusetts, Aug. 10 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented a group of noteholders in connection with an exchange of $420 million of convertible notes into second lien secured convertible notes and the provision of $100 million of new first lien debt financing to Luminar. The transaction reduces Luminar's debt by $148 million and provides it with a maturity extension. The transaction was announced in an Aug. 6 press release.< . . .
Ropes & Gray represented a group of noteholders in connection with an exchange of $420 million of convertible notes into second lien secured convertible notes and the provision of $100 million of new first lien debt financing to Luminar. The transaction reduces Luminar's debt by $148 million and provides it with a maturity extension. The transaction was announced in an Aug. 6 press release.< . . .