World Wrestling Entertainment Inc. WWE +0.44% announced on Monday that it had reached agreements with certain investors for the exchange of 6.9 million newly-issued shares of common stock, $3.9 million cash and $171.0 millions principal amount of convertible debt due in this year. Stock in the media and entertainment company was not traded during premarket. The share issuance, based on Friday’s closing value of $105.17 would be worth $725.7m, or 9.3%, of WWE’s $7.83bn market capitalization. The convertible debt due in 2023 will still be outstanding after the exchange of shares and cash, which is expected on or around May 18. A total of $42.7 millions principal will be outstanding. WWE’s stock is up 53.5% in the past year, while S&P 500 SPX, -0.16% is up 7.4%.