debt
confidence high
sentiment neutral
materiality 0.65
Axon prices upsized $1.75B senior notes offering: $1B at 6.125% due 2030, $750M at 6.25% due 2033
AXON ENTERPRISE, INC.
- Upsized to $1.75B total: $1B 6.125% notes due 2030, $750M 6.25% notes due 2033, both priced at 100%.
- Net proceeds for general corporate purposes, including potential repurchase of 0.50% convertible notes due 2027.
- Credit facility amended: revolver increased $100M to $300M, maturity extended to March 11, 2030.
- Notes closed March 11, 2025; senior unsecured, no initial subsidiary guarantees.