Dropbox Increases Convertible Senior Notes Offering to $1.1 Billion
Dropbox (DBX) has announced the pricing of its convertible senior notes offering, which has been upsized from an initial target of $1 billion to $1.1 billion. The notes are scheduled to mature in 2031. The company has also provided initial purchasers with an option to acquire an additional $150 million in notes. This capital raise provides Dropbox with significant liquidity, though the specific allocation of these funds was not detailed in the brief announcement.
Tickers: $DBX
Topics: capital raising convertible notes debt offering
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Part of the story Dropbox Announces $1 Billion Convertible Notes Offering and $750 Million Debt Repayment (3 articles)