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home / news releases / FSLY - Fastly to repurchase ~$236.4M of notes for ~$195M

FSLY - Fastly to repurchase ~$236.4M of notes for ~$195M

Fastly Inc. Class A

2023-05-10 09:01:53 ET

  • Cloud platform Fastly ( NYSE: FSLY ) is set to repurchase ~$236.4M of its outstanding 0% convertible senior notes due 2026 for an aggregate cash repurchase price of ~$195M.
  • The company has entered into separate, privately negotiated transactions with certain holders of the notes.
  • The repurchases are expected to close on May 15.
  • The notes will be cancelled, and post the cancellation, ~$477.4M aggregate principal amounts of notes is expected to remain outstanding.
  • FSLY shares were trading +2.36% pre-market.
  • Source: Press Release

For further details see:

Fastly to repurchase ~$236.4M of notes for ~$195M
Stock Information
Company Name: Fastly Inc. Class A
Stock Symbol: FSLY
Market: NYSE
Website: fastly.com
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