Entering text into the input field will update the search result below

Palo Alto Networks prices $1.75B of 0.375% convertible senior notes due 2025

Jun. 04, 2020 11:48 AM ETPalo Alto Networks, Inc. (PANW) StockPANWBy: Niloofer Shaikh, SA News Editor6 Comments
  • Palo Alto Networks (PANW -2.3%) has priced $1.75B of 0.375% convertible senior unsecured notes due June 1, 2025 in a private placement, with initial purchasers' option of an additional $250M of the notes.
  • Expected closing date is June 8, 2020.
  • Interest will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2020.
  • Expected net proceeds of ~$1.7B, of which $147M will be used to pay the cost of the convertible note hedge transactions and the remaining proceeds for general corporate purposes.
  • Previously: Palo Alto Networks to issue $1.75B convertible senior notes due 2025 (June 3)

Recommended For You

About PANW Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
PANW--
Palo Alto Networks, Inc.