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On March 4, 2024, Unity Software Inc. (the “Company”) agreed to repurchase approximately $479.8 million aggregate principal amount of the Company’s outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) from certain holders of the Notes in separate, privately negotiated transactions for an aggregate cash repurchase price of approximately $415.0 million (the “Repurchases”). The Company’s repurchase of the Notes is an opportunistic use of capital intended to manage a portion of its upcoming debt maturity towers proactively and efficiently.
The Repurchases are expected to close on March 7, 2024. Following the closing of the Repurchases, the Company intends to cancel the repurchased Notes and, after such cancellation of repurchased Notes, approximately $1,245.2 million aggregate principal amounts of Notes will remain outstanding.
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