debt
confidence high
sentiment neutral
materiality 0.80
Axon proposes $1.5B senior notes offering; amends credit facility
AXON ENTERPRISE, INC.
- Offering $1.5B aggregate principal of senior notes due 2030 and 2033 in a private exempt offering.
- Net proceeds for general corporate purposes including potential repurchase of 0.50% Convertible Notes due 2027.
- Revolving credit facility to be increased by $100M to $300M; maturity extended to 5 years from amendment close.
- Notes are senior unsecured; no subsidiary guarantees initially, but domestic credit facility guarantors will guarantee later.