debt
confidence high
sentiment neutral
materiality 0.65
Roblox issues $1.0B of 3.875% senior notes due 2030
Roblox Corp
- $1.0B aggregate principal of 3.875% senior notes due May 1, 2030.
- Net proceeds for general corporate purposes including capex, investments, and potential acquisitions.
- Notes offered via private placement to QIBs and non-US persons; close expected Oct 29, 2021.
- Interest payable semi-annually starting May 1, 2022; redemption options include up to 40% with equity proceeds before Nov 1, 2024.
- Change of control triggers repurchase at 101% of principal plus accrued interest.