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Palo Alto Networks announces $1.5B offering of convertible senior notes due 2023

Jul. 09, 2018 8:55 AM ETPalo Alto Networks, Inc. (PANW) StockBy: Gaurav Batavia, SA News Editor
  • Palo Alto Networks (NASDAQ:PANW) to offer $1.5B aggregate principal amount of convertible senior notes due in 2023 in a private placement. Initial purchasers have a 30-day option to purchase up to an additional $225M aggregate principal amount of the notes.
  • Net proceeds shall be used to pay the cost of the convertible note hedge transactions and the balance for general corporate purposes.
  • Press Release

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