04:26 PM EDT, 09/02/2025 (MT Newswires) -- Bruker ( BRKR ) said late Tuesday it launched a public offering of $600 million in mandatory convertible preferred stock, series A.

Underwriters were granted a 30-day option to buy up to an additional $90 million to cover over-allotments.

The offering includes 2.4 million shares, rising to 2.76 million if the option is exercised, each with a $250 liquidation preference and scheduled to automatically convert into Bruker ( BRKR ) common stock on or about Sept. 1, 2028.

The company said it intends to use the proceeds to reduce debt, including full repayment of its term loan maturing in December 2026, borrowings under its 2024 amended revolving credit facility, and part of its term loan due March 2027.

Shares of Bruker ( BRKR ) were down more than 9% in after-hours trading.