Cloudflare prices USD 2.18 billion 0% convertible senior notes offering due 2031
NET•Use of proceeds and settlement timing
Settlement is expected on Aug. 13, 2026; net proceeds are estimated at about USD 2.14 billion, excluding any option exercise.
Proceeds include about USD 225.8 million earmarked for capped call transactions; the remaining funds are targeted for general corporate purposes.
Cloudflare prices convertible senior notes offering
Cloudflare priced a private offering of USD 2.18 billion of 0% convertible senior notes due 2031.
Initial purchasers received an option to buy up to an additional USD 325 million of notes within 13 days of issuance.
