Cloudflare Prices $2.175B 0% Convertible Notes Due 2031 At $496.94 Per Share Conversion Price, A 60% Premium, With $325.0M Option
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Why It Matters
Cloudflare is borrowing $2.175 billion by selling special bonds that can turn into company stock later at a high price. This shows the company believes in its future and gives investors a way to own a piece of it if they want.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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