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Five9 Announces Exercise Of The Option To Purchase Additional 1.00% Convertible Notes Due 2029

Author: Benzinga Newsdesk | March 01, 2024 03:33am

The net proceeds from the sale of notes in connection with the exercise of the option to purchase additional notes is expected to result in approximately $95.3 million of additional net proceeds. Five9 expects to use a portion of the net proceeds from the sale of the additional notes to enter into additional capped call transactions with one of the initial purchasers in the offering and other financial institutions. The remainder of the additional net proceeds from the sale of the additional notes is expected to be used for working capital and other general corporate purposes.

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