Zendesk announces $500M senior note offering

|By:, SA News Editor

Zendesk (NYSE:ZEN) announces an intention to offer $500M in convertible senior notes due 2023 in a private offering to institutional buyers.

The company also expects to grant purchasers a 13-day option for up to an additional $75M in notes.

Zendesk shares are down 1.5% aftermarket to $48.   

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