Deal Details
Convertible Notes Offering
Summary
Baird served as a co-manager on the offering
About
8x8, Inc. (“8x8”) (NYSE: EGHT) recently completed a private placement pursuant to Rule 144A of $250.0 million aggregate principal amount of convertible senior notes paying interest at 0.50% due 2024, excluding the exercise of the underwriter’s overallotment option. The principal amount of the offering was increased from the previously announced offering size of $200.0 million. 8x8 granted the initial purchasers of the notes a 30-day option to purchase up to an additional $37.5 million aggregate principal amount of notes on the same terms and conditions. The proceeds from this offering will be used to pay the cost of certain capped call transactions and for general corporate purposes, including financing potential acquisitions and other strategic transactions. 8x8, Inc. cloud solutions help businesses transform their customer and employee experience. With one system of engagement for voice, video, collaboration and contact center and one system of intelligence on one technology platform, businesses can now communicate faster and smarter to exceed the speed of customer expectations. 8x8 is headquartered in San Jose, California.CONTACT US TO LEARN MORE
- Date
- February 2019
- Company
- 8x8, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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