Slack Technologies, Inc. Prices Upsized Offering of $750 Million 0.50% Convertible Senior Notes due 2025
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 the pricing of $750.0 million aggregate principal amount of 0.50% 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”). The offering was upsized from the previously announced offering of $600.0 million aggregate principal amount of notes. In connection with the offering, Slack granted the initial purchasers an option to purchase up to an additional $112.5 million aggregate principal amount of notes. The sale is expected to close on April 9, 2020, subject to customary closing conditions.The notes will bear interest at a rate of 0.50% per year, payable semi-annually in arrears on April 15 and October 15 of each year, beginning October 15, 2020. The notes will mature on April 15, 2025, unless earlier conve
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