BigBear.ai stock (BBAI) jumps as company moves to slash $125 million of convertible debt — what’s next
BigBear.ai called its 6.00% convertible senior secured notes due 2029 for redemption, aiming to cut note-related debt to about $17 million from $142 million, mostly through conversions to stock. The company expects to issue around 38 million shares. BBAI shares closed Friday up 8.15% at $5.84, then slipped 0.5% after hours.