BUZZ-Fastly falls after convertible bond sale boosted to $160 mln

Reuters12-05 23:00

BUZZ-<a href="https://laohu8.com/S/FSLY">Fastly</a> falls after convertible bond sale boosted to $160 mln

** Content-delivery network co Fastly's FSLY.N shares down 8.2% to $10.57 early Fri after capital raise to reduce debt

** San Francisco-based FSLY early Fri announced pricing private offering of $160 mln 0% 5-yr convertible bonds (CBs)

** Initial conversion price set at $15.26, a 32.5% premium to stock's last close

** FSLY shares on Thurs fell 1.9% to $11.52 after co late Weds announced $125 mln offering

** Co intends to use portion of net offering proceeds to repurchase $150 mln of its ~$188.6 mln outstanding 0% CBs due 2026

** It also plans to use ~$16 mln pay cost of capped calls to offset potential dilution; the inital cap price of $23.04 is double the stock's last sale on Thurs

** On Nov 6, shares surged 36% to close at $10.97 after co late on Nov 5 reported Q3 rev of $158.2 mln, topping analyst expectations, as security rev grew 30% yr/yr

** Including the move on Fri, FSLY shares up 12% YTD

** Of 10 analysts covering FSLY, 1 rates "buy", 8 have "hold" and 1 rates "sell"; median PT $10.75, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251205:nL6N3XB0TD:1","article_id":"2589081555","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589081555","pubTimestamp":1764946855,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"** Content-delivery network co Fastly's FSLY.N shares down 8.2% to $10.57 early Fri after capital raise to reduce debt. ** San Francisco-based FSLY early Fri announced pricing. private offering of $160 mln 0% 5-yr convertible bonds . ** Initial conversion price set at $15.26, a 32.5% premium to stock's last close. ** FSLY shares on Thurs fell 1.9% to $11.52 after co late Weds announced $125 mln offering. ** Co intends to use portion of net offering proceeds to repurchase $150 mln of its ~$188.6 mln outstanding 0% CBs due 2026** It also plans to use ~$16 mln pay cost of capped calls to offset potential dilution; the inital cap price of $23.04 is double the stock's last sale on Thurs** On Nov 6, shares surged 36% to close at $10.97 after co late on Nov 5 reported Q3 rev of $158.2 mln, topping analyst expectations, as security rev grew 30% yr/yr** Including the move on Fri, FSLY shares up 12% YTD. ** Of 10 analysts covering FSLY, 1 rates \"buy\", 8 have \"hold\" and 1 rates \"sell\"; median PT ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4613":"AI应用软件","BK4554":"元宇宙及AR概念","BK4116":"互联网服务与基础架构","BK4608":"AI应用概念股","FSLY":"Fastly, Inc.","BK4588":"碎股"},"translate_title":"可转换债券销售额增至1.6亿美元后，BUZZ-Fastly下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FSLY":0.9},"content_text":"BUZZ-Fastly falls after convertible bond sale boosted to $160 mln\n    ** Content-delivery network co Fastly's FSLY.N shares down 8.2% to $10.57 early Fri after capital raise to reduce debt\n  \n    ** San Francisco-based FSLY early Fri announced pricing \n     private offering of $160 mln 0% 5-yr convertible bonds (CBs)\n  \n    ** Initial conversion price set at $15.26, a 32.5% premium to stock's last close\n  \n    ** FSLY shares on Thurs fell 1.9% to $11.52 after co late Weds announced $125 mln offering\n** Co intends to use portion of net offering proceeds to repurchase $150 mln of its ~$188.6 mln outstanding 0% CBs due 2026** It also plans to use ~$16 mln pay cost of capped calls to offset potential dilution; the inital cap price of $23.04 is double the stock's last sale on Thurs** On Nov 6, shares surged 36% to close at $10.97 after co late on Nov 5 reported Q3 rev of $158.2 mln, topping analyst expectations, as security rev grew 30% yr/yr** Including the move on Fri, FSLY shares up 12% YTD\n    ** Of 10 analysts covering FSLY, 1 rates \"buy\", 8 have \"hold\" and 1 rates \"sell\"; median PT $10.75, per LSEG data\n  (Lance Tupper is a Reuters market analyst. 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