Dropbox announces $1 billion convertible notes offering
DBX•Dropbox announced a $1 billion convertible notes offering, plans to repurchase about $175 million of Class A common stock and expects to repay at least $750 million of term loan borrowings. It granted a 13-day option for up to $150 million in additional notes.
1. Offering details
Dropbox announced a $1 billion convertible notes offering. It plans to repurchase about $175 million of Class A common stock and expects to repay at least $750 million of term loan borrowings. The company granted a 13-day option for up to $150 million in additional notes.
