2023-08-09 08:58:28 ET
- RingCentral ( NYSE: RNG ) intends to offer $400M senior notes due 2030 in a private offering.
- The notes will be senior unsecured obligations and are expected to be fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiaries of the company.
- The company intends to use a portion of the net proceeds from this offering to repurchase and/or repay a portion of its outstanding convertible notes. Remainder for general corporate purposes, which may include working capital, capital expenditures, repurchases or repayments of existing debt, potential strategic transactions and acquisitions.
For further details see:
RingCentral to offer $400M senior notes