Cloudflare Announces Proposed Private Offering Of $2.175 Billion Of Convertible Senior Notes Due 2031 - NET News | RalliesCloudflare Announces Proposed Private Offering Of $2.175 Billion Of Convertible Senior Notes Due 2031
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NET• Proposed convertible senior notes offering
- Cloudflare, Inc. announced a proposed private offering of $2.175 billion of convertible senior notes due 2031.
- Cloudflare said it will enter into capped call transactions covering shares underlying the notes.
- The capped call transactions are expected to have a cap price at least 150% above the last sale price.
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