Dropbox Announces Intention to Offer $1.0 Billion in Convertible Notes
Dropbox plans a private placement of $1.0 billion in convertible senior notes due 2031, subject to market conditions and other factors.
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11:55:26 AM UTC
SquawkNews
Dropbox intends to offer $1.0B of convertible notes due 2031, with an expected option for up to $150.0M more. It plans to repay at least $750.0M of term loans and repurchase approximately $175.0M of shares; pricing terms are pending.Material DetailsContext by AI AnalystThis is a proposed financing…
Dropbox, Inc. (“Dropbox”) (NASDAQ:DBX) today announced its intention to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement to persons reasonably believed to be qualified institution…