2023-08-11 16:11:03 ET
- RingCentral ( NYSE: RNG ) on Friday announced pricing of $400M of senior unsecured notes due 2030.
- The offering is expected to close on August 16.
- The company intends to use the net proceeds to repurchase and/or repay a portion of its outstanding convertible notes.
- RingCentral intends to use the remainder of the net proceeds, if any, for general corporate purposes, which may include working capital, capital expenditures, repurchases or repayments of existing debt, potential strategic transactions and acquisitions.
- RNG closed -1.7% at $30.49.
- Source: Press Release
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RingCentral announces pricing of $400M of senior unsecured notes due 2030