Nutanix plans to offer $750 million in convertible senior notes due 2029.

From GlobeNewswire: 2024-12-10 16:45:00

Nutanix, Inc. plans to offer $750 million in convertible senior notes due 2029. The notes will be convertible into cash, shares of Nutanix’s Class A common stock, or a combination of both. Nutanix intends to use the net proceeds for repurchasing outstanding notes due 2027 and shares of Class A common stock, as well as for general corporate purposes. The terms of the offering, including interest rates and conversion rates, will be determined at the pricing of the notes.

Investors can expect Nutanix to use the proceeds from the offering for repurchasing outstanding notes due 2027, shares of Class A common stock, and general corporate purposes. The terms of the offering will include interest rates and conversion rates to be determined at the pricing of the notes. Nutanix may also consider potential acquisitions of businesses, technologies, or products in the future.

Nutanix, a leader in cloud software, plans to offer $750 million in convertible senior notes due 2029. The net proceeds from the offering will be used for repurchasing outstanding notes due 2027, shares of Class A common stock, and general corporate purposes. The terms of the offering, including interest rates and conversion rates, will be determined at the pricing of the notes.



Read more at GlobeNewswire: Nutanix Announces Proposed $750 Million Convertible Senior