Five9 prices upsized $650M debt offering [Seeking Alpha]
Five9, Inc. (FIVN)
Last five9, inc. earnings: 2/19 04:05 pm
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US:NASDAQ Investor Relations:
investors.five9.com/investor-relations
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Source: Seeking Alpha
The offering size was increased from $600M to $650M aggregate principal amount of the notes. Initial purchasers have been granted a 13-day option to purchase up to an additional $97.5M of the notes. The notes will be senior, unsecured obligations of Five9, and interest will be payable semi-annually in arrears. They will mature on March 15, 2029, unless earlier converted, redeemed or repurchased. Net proceeds are estimated to be approximately $633.5M or $728.8M, if the initial purchasers fully exercise their option to purchase additional notes. Around $304.9M of the proceeds will be used to repurchase $313.1M of the company's outstanding 0.500% convertible senior notes due 2025. Five9 ( FIVN ) also expects to use ~$81.3M of the proceeds to pay the cost of the capped call transactions it entered with certain financial institutions in connection with the issuance of the 2025 notes. The remainder of the net proceeds from the offering will be used for working capital and other g
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FIVN
News
- Five9, Inc. (NASDAQ: FIVN) had its price target lowered by analysts at Rosenblatt Securities from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
- CallTower's Seanna Baumgartner Recognized as an Icon's Edge Top 10 Inspiring Leaders of 2024 [Yahoo! Finance]Yahoo! Finance
- Investors in Five9 (NASDAQ:FIVN) have unfortunately lost 68% over the last three years [Yahoo! Finance]Yahoo! Finance
- Five9, Inc. (NASDAQ: FIVN) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $90.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- Q4 Earnings Recap: Zoom (NASDAQ:ZM) Tops Video Conferencing Stocks [Yahoo! Finance]Yahoo! Finance
FIVN
Earnings
- 2/21/24 - Beat
FIVN
Sec Filings
- 4/3/24 - Form ARS
- 4/1/24 - Form DEFA14A
- 4/1/24 - Form 8-K
- FIVN's page on the SEC website