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Stock impact report

Box, Inc. Announces Pricing of Offering of $400 Million of Convertible Senior Notes

Box, Inc. Class A (BOX) 
Last box, inc. class a earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Business Wire
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), the leading Intelligent Content Cloud, today announced the pricing of $400 million aggregate principal amount of 1.50% convertible senior notes due 2029 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Box also granted the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of the notes. The sale of the notes is expected to close on September 20, 2024, subject to customary closing conditions.The notes will be general senior, unsecured obligations of Box. The notes will bear interest at a rate of 1.50% per year. Interest will be payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025. The notes will mature on September 15, 2029, unless earlier converted, repurchased or redeemed. The initial conversion ra Show less Read more
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