TEAM 8-K: Atlassian enters $1B notes offering: $500M at 5.250% due 2029, $500M at 5.500% due 2034

Atlassian enters $1B notes offering: $500M at 5.250% due 2029, $500M at 5.500% due 2034

Atlassian Corp

$1B aggregate principal of senior notes: two tranches of $500M each.

2029 notes bear 5.250% coupon; 2034 notes bear 5.500% coupon.

Proceeds to repay existing $1B term loan and $500M revolver, plus general corporate purposes.

Underwriters include BofA Securities, Goldman Sachs, and Morgan Stanley.

Closing expected May 15, 2024, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Atlassian Corp entered into Underwriting Agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters valued at $500 million aggregate principal amount of 5.250% senior notes due 2029 and $500 million aggregate p (effective 2024-05-08).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters
Value: $500 million aggregate principal amount of 5.250% senior notes due 2029 and $500 million aggregate p
Effective: 2024-05-08

Exact text from the filing

On May 8, 2024, Atlassian Corporation (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein (collectively, the “ Underwriters ”), providing for its underwritten public offering (the “ Notes Offering ”) of $500 million aggregate principal amount of 5.250% senior notes due 2029 (the “ 2029 Notes ”) and $500 million aggregate principal amount of 5.500% senior notes due 2034

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