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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宣佈發行2028年到期的7.75%可轉換優先票據,並回購其現有2026年到期的0.00%可轉換優先票據的一部分
美股SEC公告 ·  2024/12/06 05:29

Moomoo AI 已提取核心訊息

Fastly announced the issuance of $150 million in 7.75% convertible senior notes due 2028, with proceeds being used to repurchase approximately $157.9 million of its existing 0.00% convertible notes due 2026. The transactions are expected to settle on December 5, 2024.The new 2028 notes will accrue interest at 7.75% per annum, payable semi-annually, and mature on June 1, 2028. The initial conversion rate is 50.6586 shares per $1,000 principal amount, equivalent to a conversion price of $19.74 per share, representing a 100% premium to the stock's last reported price. Upon conversion, Fastly may pay in cash, shares, or a combination thereof.Following the transactions, the outstanding principal amount of the 2026 notes will be reduced to $188.6 million. J. Wood Capital Advisors plans to purchase approximately 1.3 million Fastly shares concurrently with the transactions and has agreed to a 60-day lock-up period.
Fastly announced the issuance of $150 million in 7.75% convertible senior notes due 2028, with proceeds being used to repurchase approximately $157.9 million of its existing 0.00% convertible notes due 2026. The transactions are expected to settle on December 5, 2024.The new 2028 notes will accrue interest at 7.75% per annum, payable semi-annually, and mature on June 1, 2028. The initial conversion rate is 50.6586 shares per $1,000 principal amount, equivalent to a conversion price of $19.74 per share, representing a 100% premium to the stock's last reported price. Upon conversion, Fastly may pay in cash, shares, or a combination thereof.Following the transactions, the outstanding principal amount of the 2026 notes will be reduced to $188.6 million. J. Wood Capital Advisors plans to purchase approximately 1.3 million Fastly shares concurrently with the transactions and has agreed to a 60-day lock-up period.
Fastly 宣佈發行 15000萬美元的 7.75% 可轉換優先票據,到期日爲 2028 年,所募集資金將用於回購約 15790萬美元的現有 0.00% 可轉換票據,後者將在 2026 年到期。該交易預計將在 2024 年 12 月 5 日完成。新的 2028 年票據將以每年 7.75% 的利率計息,利息每半年支付一次,至 2028 年 6 月 1 日到期。初始轉換比率爲每 1,000 美元本金金額 50.6586 股,相當於每股 19.74 美元的轉換價格,較股票最後報告價格溢價 100%。在轉換時,Fastly 可以選擇現金、股票或兩者的結合。完成交易後,2026 年票據的未償還本金金額將減少至 18860萬美元。J. Wood Capital Advisors 計劃與交易同時購買約 130萬股 Fastly 股票,並已同意 60 天的限制期。
Fastly 宣佈發行 15000萬美元的 7.75% 可轉換優先票據,到期日爲 2028 年,所募集資金將用於回購約 15790萬美元的現有 0.00% 可轉換票據,後者將在 2026 年到期。該交易預計將在 2024 年 12 月 5 日完成。新的 2028 年票據將以每年 7.75% 的利率計息,利息每半年支付一次,至 2028 年 6 月 1 日到期。初始轉換比率爲每 1,000 美元本金金額 50.6586 股,相當於每股 19.74 美元的轉換價格,較股票最後報告價格溢價 100%。在轉換時,Fastly 可以選擇現金、股票或兩者的結合。完成交易後,2026 年票據的未償還本金金額將減少至 18860萬美元。J. Wood Capital Advisors 計劃與交易同時購買約 130萬股 Fastly 股票,並已同意 60 天的限制期。
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