Twilio to redeem all $135.84 million 0.25% convertibles due 2023

By Wendy Van Sickle

Columbus, Ohio, May 18 – Twilio Inc. will redeem all $135,839,000 of its outstanding 0.25% convertible senior notes due 2023, according to a news release.

The notes will be redeemed at par plus accrued interest on June 1.

They may be converted by holders any time before 5 p.m. ET on June 1 into 14.104 shares of class A common stock of Twilio with cash in lieu of any fractional shares per $1,000 principal amount of notes.

Following the redemption, the total principal amount of Twilio’s debt outstanding will be $1 billion, consisting of $500 million each of 3 5/8% notes due 2029 and 3 7/8% notes due 2031.

Twilio is a San Francisco-based cloud communications platform service company.

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