Life360, Inc. (LIF): debt financing — Life360 issues $320M 0% convertible notes due 2030; enters capped calls

Life360, Inc.

Issued $320M aggregate principal of 0.00% Convertible Senior Notes due 2030; initial conversion price ~$80.97 per share.
Entered capped call transactions costing ~$33.7M, cap price ~$122.22, to reduce potential dilution upon conversion.
Notes are zero-coupon, senior unsecured, mature June 1, 2030; convertible after March 1, 2030 or earlier upon certain events.
Initial purchasers fully exercised option for additional $45M; total issuance includes that.
Company may redeem notes on/after June 5, 2028 if stock exceeds 130% of conversion price for 20 of 30 trading days.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Life360, Inc. incurred convertible notes of $320,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 0.00% maturing June 1, 2030.

Instrument: convertible notes
Principal: $320,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.00%
Maturity: June 1, 2030
Event: incurrence

Exact text from the filing

On June 5, 2025, Life360, Inc. (the “Company”) issued $320,000,000 aggregate principal amount of its 0.00% Convertible Senior Notes due 2030

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Life360, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-021548

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