NEW YORK, Oct. 27, 2022 /PRNewswire/ — Cantor Fitzgerald & Co. is pleased to announce that it served as Placement Agent on a private placement of $200 million Senior Unsecured Convertible Notes for View, Inc. (Nasdaq: VIEW).
The Notes have the following summary provisions:
- $200 million Senior Unsecured
- $40 million option for additional Notes
- Offered pursuant to Section 4(a)(2)
- Maturity in October 2027
- 6% cash-pay coupon with option at View, Inc.’s election to PIK-toggle at 9%
- A conversion price of approximately $1.34 (25% conversion premium to a $1.07 reference price)
- The Notes will be redeemable at View’s election after the third anniversary, subject to the stock trading 150% of the conversion price for a certain number of trading days
About Cantor Fitzgerald
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SOURCE Cantor Fitzgerald, L.P.