Fastly Announces $125 Million Convertible Senior Notes Offering

Reuters12-10 05:12
Fastly Announces $125 Million Convertible Senior Notes Offering

Fastly, Inc. has announced its intention to offer $125 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The company may also grant initial purchasers an option to buy up to an additional $25 million of notes within 13 days of issuance. Proceeds from the offering will be used in part to fund capped call transactions and to repurchase a portion of Fastly's outstanding 0% convertible senior notes due 2026, with the remainder allocated for general corporate purposes. The notes will be senior, unsecured obligations, paying interest semi-annually and maturing on December 15, 2030, unless earlier repurchased, redeemed, or converted.

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