trending Market Intelligence /marketintelligence/en/news-insights/trending/fulKvJATzQPqK7RLJgogJg2 content esgSubNav
In This List

Itron closes $300M note offering to fund Silver Spring deal

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Itron closes $300M note offering to fund Silver Spring deal

Itron Inc. closed a private offering of $300 million of 5% senior notes due Jan. 15, 2026, according to a Form 8-K filing.

The company plans to use net proceeds, along with cash on hand and borrowings under its senior credit facilities, to fund a portion of its acquisition of smart grid technology provider Silver Spring Networks Inc. The deal, valued at $830 million, recently cleared the antitrust review and is expected to close in early 2018.

Wells Fargo Securities LLC acted as the sole book-running manager.