| Issuer / Guarantor | Horizon Robotics |
|---|---|
| Size | USD 450mn |
| Type | Convertible |
| Leads | Goldman Sachs, Morgan Stanley |
| Maturity | 27 Jul 2027 (1 years) |
| Coupon | 0% (0%) |
| Premium | 16.8% (10 - 20%) |
| Calls | @ 100% from Jan 2027 (0.5 yrs); 120% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 22 Jul 2026 |