Cloudflare Prices $2.175B Zero-Interest Convertible Notes Due 2031
Cloudflare raises $2.175 billion through 0% convertible senior notes due 2031, with initial purchasers able to buy another $325 million.
Cloudflare borrowed $2.175 billion by selling special bonds that charge no interest but can turn into company stock later. This shows the company needs cash and believes its stock will be worth more in the future.
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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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