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