Dropbox Raises $1.25 Billion Through Convertible Notes Due 2031
Dropbox plans to use the proceeds and cash on hand to repay at least $750 million of term-loan borrowings and for general corporate purposes.
Dropbox raised $1.25 billion through 1.25% convertible senior notes due 2031, and plans to use proceeds and cash on hand to repay at least $750 million of term-loan borrowings and for general corporate purposes. The financing includes an indenture setting the notes' terms, convertible note hedges i…