Slack Technologies, Inc. Announces Proposed Offering of $600 Million Convertible Senior Notes
Slack Technologies, Inc. (WORK)
Last slack technologies, inc. earnings: 3/12 04:15 pm
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Slack Technologies, Inc. (NYSE: WORK) announced today that it intends to offer, subject to market conditions and other factors, $600.0 million aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Slack expects to grant the initial purchasers an option to purchase up to an additional $90.0 million aggregate principal amount of notes.The final terms of the notes, including the initial conversion rate, interest rate and certain other terms, will be determined at the time of pricing. The notes will bear interest semi-annually in arrears and will mature on April 15, 2025, unless earlier converted, repurchased or redeemed in accordance with their terms. Prior to January 15, 2025, the notes will be c
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