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Five9, Inc. announced the pricing of $650.0 million aggregate principal amount of 1.00% convertible senior notes due 2029 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). The offering size was increased from the previously announced offering size of $600.0 million aggregate principal amount of the notes. Five9 also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $97.5 million aggregate principal amount of the notes.
The sale of the notes to the initial purchasers is expected to settle on March 1, 2024, subject to customary closing conditions, and is expected to result in approximately $633.5 million (or, if the initial purchasers fully exercise their option to purchase additional notes, approximately $728.8 million) in net proceeds to Five9 after deducting the initial purchasers' discount and estimated offering expenses payable by Five9.
Posted In: FIVN
