| Issuer / Guarantor | Voyager Technologies Inc |
|---|---|
| Size | USD 435mn |
| Type | Convertible |
| Leads | JP Morgan, Morgan Stanley |
| Maturity | 15 Nov 2030 (5 years) |
| Coupon | 0.75% (0.5 - 1%) |
| Premium | 30% (27.5 - 32.5%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to May 2030 (4.5 yrs) |
| Announced | 05 Nov 2025 |