LUNR Funding

Intuitive Machines Announces Upsize and Pricing of Private Offering of $300 Million of Convertible Senior Notes Due 2030

Published August 14, 2025 at 03:42 AM

HOUSTON, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR) (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, announced today the pricing of $300.0 million aggregate principal amount of 2.500% convertible senior notes due 2030 (the “Notes”) in a private offering (the “Notes Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Intuitive Machines also granted the initial purchasers of the Notes in the Notes Offering an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $45.0 million aggregate principal amount of Notes. The aggregate principal amount of the offering was increased from the previously announced offering size of $250.0 million (or $287.5 million if the initial purchasers exercis

Related Questions

How will the pricing of the $300 million convertible senior notes affect Intuitive Machines' equity dilution and earnings per share? What is the expected conversion ratio and how does the 2.5% coupon rate compare to market rates for similar credit profiles? What is the anticipated impact on the company's debt‑to‑equity ratio and any covenants that may be triggered by this issuance? How might the convertible note pricing influence short‑term trading activity and the bid‑ask spread of LUNR shares? What is the market's perception of the credit risk associated with Intuitive Machines' 2030 notes, and how might this influence the note's yield spread? How will the optional up‑size of $45 million in additional notes impact the company's capital structure and liquidity position? What are the potential upside and downside scenarios for the stock price if the notes are converted earlier than 2030? How does this private offering compare in size and terms to recent debt financings by direct competitors in the space‑infrastructure sector? Will the proceeds from the notes be used for specific growth projects, and how will those projects impact cash flow and cash‑burn rates? What is the likely market reaction to the option granted to initial purchasers for additional notes, and could this create upward pressure on the stock if conversion incentives are strong?