Fastly privately negotiates to buy $40.7 million 0% convertibles

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Fastly Inc. entered into a privately negotiated transaction on Dec. 14 to buy around $40.7 million of its 0% convertible senior notes due 2026, according to an 8-K filing with the Securities and Exchange Commission.

The company will pay $35.3 million in cash to buy the notes.

The repurchase is expected to close on Dec. 18.

After the company cancels the notes, there will be $346.5 million of the notes outstanding.

Fastly is a San Francisco-based cloud computing services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.