AeroVironment Inc. has announced plans for public offerings, including $750 million in common stock and $600 million in convertible senior notes due in 2030. J.P. Morgan and BofA Securities are leading the management of these offerings, with Raymond James also involved in the convertible notes offering. The proceeds are intended to repay existing debt and support general corporate purposes, such as increasing manufacturing capacity. The company has granted underwriters a 30-day option to purchase additional shares and notes to cover over-allotments, and the completion of these offerings is subject to market conditions.
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