Axon issues $1.15B 0% convertible notes; adds capped calls
Axon Enterprise completed a $1.15 billion issuance of 0% Convertible Senior Notes due 2031 under a new indenture, supported by a underwriting agreement including a fully exercised $150 million over-allotment. The company also purchased capped calls for about $114.9 million and amended its credit pact.
Axon Enterprise completed a multi-part financing, issuing $1.15 billion of 0% Convertible Senior Notes due 2031 under a new indenture. The deal was supported by an Underwriting Agreement that included a fully exercised $150 million over-allotment. Axon also bought capped calls for about $114.9 million.