Oregon drive-thru chain Dutch Bros said Wednesday that it will issue another $300 million in stock and use most of the proceeds to pay down debt. News of the offering sent Dutch Bros shares down 5% in after-hours trading as investors anticipated the dilution of their current holdings.
It’s been two years since Dutch Bros debuted on Wall Street with the largest public offering in Oregon history, raising $550 million. The company used $200 million of that to repay past borrowing.
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September 07, 2023 at 05:14AM
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Dutch Bros will sell $300 million in stock to pay down debt - OregonLive
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