Penguin Solutions slumps on $650 million note offering
13/07/2026 22:38
BUZZ-Penguin Solutions slumps on $650 million note offering ** Shares of data center firm Penguin Solutions PENG.O slump 12% to $68 after the bell
** PENG announced convertible senior notes offering of $650 million due 2031
** Penguin will use proceeds to fund capped call transactions, refinance existing notes and repay a $100 mln credit agreement
** PENG stock has more than tripled so far this year
(Reporting by Juby Babu in Mexico City)