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Slack prices upsized note offering

Apr. 07, 2020 8:05 AM ETSlack Technologies, Inc. (WORK) StockBy: Brandy Betz, SA News Editor5 Comments
  • Slack (NYSE:WORK) prices its private offering of 0.50% convertible senior notes due 2025.
  • The offering was upsized from the previously announced $600M.
  • Initial purchasers will have the right to buy up to an additional $112.5M in notes.
  • The notes are convertible into cash, Class A common stock, or a combination of the two.
  • The sale is expected to close on April 9.
  • Slack shares are up 1.6% pre-market to $24.70.

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