Bruker Corporation announced on September 3, 2025, the pricing of its previously announced public offering of $600.0 million of 6.375% Mandatory Convertible Preferred Stock, Series A. The offering is expected to close on or about September 8, 2025.
The estimated net proceeds from this offering are approximately $582.0 million, or approximately $669.5 million if the underwriters exercise their option to purchase additional preferred stock in full. Bruker intends to use these proceeds to strengthen its balance sheet and enhance strategic flexibility by repaying existing debt.
Specifically, the company plans to repay its term loan due December 2026 in full, outstanding borrowings under its 2024 amended and restated revolving credit agreement in full, and a portion of its term loan due March 2027. Dividends on the preferred stock will be payable quarterly at an annual rate of 6.375% on the liquidation preference of $250 per share, commencing on December 1, 2025.
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