Fastly Prices $160 Million Convertible Senior Notes Offering

Reuters12-05 13:13

Fastly Prices $160 Million Convertible Senior Notes Offering

Fastly, Inc. has announced the pricing of its upsized offering of $160 million aggregate principal amount of 0% convertible senior notes due 2030 in a private placement to qualified institutional buyers under Rule 144A. The offering size was increased from the previously announced $125 million. Fastly has also granted initial purchasers an option to buy up to an additional $20 million of notes. The company expects net proceeds of approximately $153.8 million (or $173.2 million if the option is fully exercised) after expenses. About $16.1 million of the proceeds will be used to fund capped call transactions, while the remainder, along with existing cash, will be used to repurchase $150 million of its outstanding 0% convertible senior notes due 2026 for approximately $148.9 million. If a "fundamental change" occurs, noteholders can require Fastly to repurchase their notes for cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fastly Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251204536905) on December 05, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fastly Inc. published the original content used to generate this news brief via Business Wire (Ref. 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