AeroVironment US$875m share offering
AeroVironment sold US$875m of shares, with convertible notes alongside, to repay the term loan and revolver drawn for its BlueHalo acquisition and to expand manufacturing.
- Company
- AeroVironment
- Type
- Equity raise
- Status
- Completed
- Date
- 3 Jul 2025
- Value
- US$875m
- Value basis
- 3,528,226 shares at US$248.00 (US$875m), alongside a concurrent US$650m 0% convertible notes offering
- Region
- US
- Segment
- Listed equity
Parties
- AeroVironment issuer
Key terms
- Price
- US$248.00 a share
- Lead book-running managers
- J.P. Morgan and BofA Securities, with Raymond James, RBC, William Blair, Baird and BNP Paribas
- Use of proceeds
- About US$965m with the convertible notes proceeds to repay the BlueHalo term loan and revolver; the rest for general purposes including manufacturing capacity
- Concurrent offering
- US$650m 0% convertible senior notes due 2030
Sources
- AeroVironment prospectus supplement (Form 424B5): 3,528,226 shares of common stock sec.gov · 1 Jul 2025
Record DEF-INV-2025-0043. Investments are kept apart from the financings register and never counted in debt totals.
