AeroVironment, Inc. (NASDAQ: AVAV) stock is down 6.69% in pre-market trading on Tuesday, July 1, 2025, slipping to $265.88 after announcing $750M share and $600M note offerings. This marks a sharp drop from the previous closing price of $284.95.
AeroVironment, Inc. (AVAV) announced proposed underwritten public offerings of $750,000,000 of shares of its common stock. The company also plans to offer $600,000,000 aggregate principal amount of its convertible senior notes due 2030.
AeroVironment, Inc. expects to use the net proceeds from the Common Stock Offering and the Convertible Notes Offering to repay indebtedness under its term loan and outstanding borrowings under its revolving credit facility, and the remainder. The company plans to allocate these funds accordingly.
