04:40 PM EDT, 06/30/2025 (MT Newswires) -- AeroVironment ( AVAV ) said late Monday it plans to offer $750 million of common shares and $600 million of convertible senior notes due 2030.

The company will grant underwriters a 30-day overallotment option to buy up to $112.5 million of common shares and $90 million of the notes, according to a statement.

The company will use the net proceeds to repay outstanding debt against its term loan and credit facility as well as for general corporate purposes, according to a company statement.

Shares fell 8% during after-hours trading.