Cloudflare Plans to Issue $2.175 Billion in Convertible Senior Notes
Source：
www.bloomberg.com
Odaily News: Technology cloud services company Cloudflare plans to issue $2.175 billion in convertible senior notes through a private placement, including $1.5 billion in principal amount of convertible notes due 2031, along with a $750 million over-allotment option on principal. The notes will be unsecured debt, convertible into Cloudflare common stock, with terms such as interest rate and conversion price to be determined at the pricing stage of the offering. Proceeds will be used for general corporate purposes. (Bloomberg)