- 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.