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Fastly | 8-K: Fastly Announces Issuance of 7.75% Convertible Senior Notes due 2028 and Repurchases of a Portion of its Existing 0.00% Convertible Senior Notes due 2026

Fastly | 8-K: Fastly Announces Issuance of 7.75% Convertible Senior Notes due 2028 and Repurchases of a Portion of its Existing 0.00% Convertible Senior Notes due 2026

Fastly | 8-K:Fastly宣布发行2028年到期的7.75%可转换优先票据,并回购其现有2026年到期的0.00%可转换优先票据的一部分
美股SEC公告 ·  12/06 05:29

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Fastly announced the issuance of $150 million in 7.75% convertible senior notes due 2028 on December 5, 2024. The company will use the proceeds to repurchase approximately $157.9 million of its existing 0.00% convertible senior notes due 2026. The new notes have an initial conversion rate of 50.6586 shares per $1,000 principal, equivalent to a conversion price of $19.74 per share.The 2028 notes will accrue interest at 7.75% per annum, payable semi-annually, and mature on June 1, 2028, unless earlier converted or repurchased. Fastly will have the option to settle conversions in cash, stock, or a combination. The repurchase of existing notes will reduce their outstanding principal to about $188.6 million.J. Wood Capital Advisors, Fastly's financial advisor, plans to purchase approximately 1.3 million shares of Fastly's common stock concurrently with the transactions. These purchases could impact the market price of Fastly's stock or the new notes. The transactions are expected to close on December 5, 2024, subject to customary conditions.
Fastly announced the issuance of $150 million in 7.75% convertible senior notes due 2028 on December 5, 2024. The company will use the proceeds to repurchase approximately $157.9 million of its existing 0.00% convertible senior notes due 2026. The new notes have an initial conversion rate of 50.6586 shares per $1,000 principal, equivalent to a conversion price of $19.74 per share.The 2028 notes will accrue interest at 7.75% per annum, payable semi-annually, and mature on June 1, 2028, unless earlier converted or repurchased. Fastly will have the option to settle conversions in cash, stock, or a combination. The repurchase of existing notes will reduce their outstanding principal to about $188.6 million.J. Wood Capital Advisors, Fastly's financial advisor, plans to purchase approximately 1.3 million shares of Fastly's common stock concurrently with the transactions. These purchases could impact the market price of Fastly's stock or the new notes. The transactions are expected to close on December 5, 2024, subject to customary conditions.
Fastly宣布将于2024年12月5日发行15000万美元的7.75%可转换高级票据,到期日为2028年。该公司将利用收益回购约15790万美元现有的0.00%可转换高级票据,到期日为2026年。新票据的初始转换率为每1000美元本金50.6586股,相当于每股19.74美元的转换价格。2028年票据的年利率为7.75%,每半年支付一次利息,除非提前转换或回购,到期日为2028年6月1日。Fastly将有权选择以现金、股票或两者的组合方式进行转换结算。回购现有票据将使其未偿本金减少至约18860万美元。Fastly的财务顾问J. Wood Capital Advisors计划与该交易同时购买约130万股Fastly的普通股。这些购买可能会影响Fastly股票或新票据的市场价格。预计交易将在2024年12月5日完成,需满足通常条件。
Fastly宣布将于2024年12月5日发行15000万美元的7.75%可转换高级票据,到期日为2028年。该公司将利用收益回购约15790万美元现有的0.00%可转换高级票据,到期日为2026年。新票据的初始转换率为每1000美元本金50.6586股,相当于每股19.74美元的转换价格。2028年票据的年利率为7.75%,每半年支付一次利息,除非提前转换或回购,到期日为2028年6月1日。Fastly将有权选择以现金、股票或两者的组合方式进行转换结算。回购现有票据将使其未偿本金减少至约18860万美元。Fastly的财务顾问J. Wood Capital Advisors计划与该交易同时购买约130万股Fastly的普通股。这些购买可能会影响Fastly股票或新票据的市场价格。预计交易将在2024年12月5日完成,需满足通常条件。
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