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Cloudflare raises over USD 1 bln in convertible notes issue

Wednesday 11 August 2021 | 10:42 CET | News
Cloudflare is raising USD 1.125 billion in an issue of zero percent convertible notes due 2026. Sold to institutional buyers in a private offering, the offering was increased from an initial plan to raise USD 1.0 billion. Cloudflare also granted the purchasers a 13-day option to buy up to an additional USD 168.75 million of the notes. The proceeds will go towards general corporate purposes, including capex.

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Categories: Internet
Companies: Cloudflare
Countries: World
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