India, June 10 -- Cracker Barrel Old Country Store Inc. (CBRL) announced the upsizing and pricing of its offering of $300.0 million aggregate principal amount of 1.75% convertible senior notes due 2030 in a private offering. The aggregate principal amount of the notes to be issued in the offering was increased to $300.0 million from the previously announced $275.0 million.
Cracker Barrel also granted the initial purchasers of the notes an option to purchase, for delivery within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45.0 million aggregate principal amount of notes.
The issuance and sale of the notes are scheduled to settle on or about June 13, 2025, subject to customary closing c...