## Filing Overview
**Filing Date**: 02-07-2024
**Type of Filing**: [[Filing Definitions#8-K|8-K]]
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## Notes
#### Summary:
Rocket Lab issued **$355 million in 4.250% Convertible Senior Notes** due 2029 on **February 6, 2024**, which included an additional **$55 million** from initial purchasers exercising their options. The notes accrue interest at **4.250% per annum** and mature on **February 1, 2029**.
Key terms include:
- **Convertible Terms**: Conversion into cash, stock, or both at Rocket Lab’s discretion with an initial conversion price of **$5.13 per share**.
- **Redemption**: Redeemable from **February 1, 2027**, contingent on stock trading conditions.
- **Capped Call Transactions**: Agreements to minimize dilution and offset potential cash payments.
These notes were issued to institutional buyers under **Rule 144A** with capped call transactions to mitigate stock dilution risks for prices above the conversion rate.
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## Filing
![[418d799a-0b2d-4bfa-bdbe-3de28750066f.pdf]]