secwatch / observer
8-K filed November 8, 2022, 6:59 PM ET ticker U CIK 0001810806
debt confidence high sentiment neutral materiality 0.70

Unity Software Inc. (U): debt financing — Unity issues $1B of 2% convertible notes due 2027; proceeds for $2.5B share repurchase

Unity Software Inc.

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

Unity Software Inc. incurred convertible notes of $1,000,000,000 in aggregate principal amount with Silver Lake Alpine II, L.P., Silver Lake Partners VI, L.P., Sequoia Capital Fund, L.P., SLP VI Union Holdings, L.P., SLP VI Union Holdings II, L.P., SLA Union Holdings, L.P. at 2.0% per annum maturing November 15, 2027.

Instrument
convertible notes
Principal
$1,000,000,000 in aggregate principal amount
Counterparty
Silver Lake Alpine II, L.P., Silver Lake Partners VI, L.P., Sequoia Capital Fund, L.P., SLP VI Union Holdings, L.P., SLP VI Union Holdings II, L.P., SLA Union Holdings, L.P.
Rate
2.0% per annum
Maturity
November 15, 2027
Event
incurrence
Exact text from the filing
Fund, L.P. (the “ Sequoia Purchaser ” and, together with the Initial SL Signatories, the “ Initial Signatories ”) relating to the issuance and sale to the Initial Signatories of $1,000,000,000 in aggregate principal amount of Unity’s 2.0% Convertible Senior Notes due 2027 (the “ Notes ”). On November 8, 2022, SLP VI Union Holdings, L.P., SLP VI Union Holdings II, L.P.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

Unity Software Inc. entered into Investment Agreement with Silver Lake Alpine II, L.P., Silver Lake Partners VI, L.P., Sequoia Capital Fund, L.P. valued at $1,000,000,000 aggregate principal amount of 2.0% Convertible Senior Notes due 2027 (effective 2022-07-13).

Action
entry
Agreement
underwriting
Counterparty
Silver Lake Alpine II, L.P., Silver Lake Partners VI, L.P., Sequoia Capital Fund, L.P.
Value
$1,000,000,000 aggregate principal amount of 2.0% Convertible Senior Notes due 2027
Effective
2022-07-13
Exact text from the filing
As previously disclosed, on July 13, 2022, Unity Software Inc., a Delaware Corporation (“ Unity ”) entered into an investment agreement (the “ Investment Agreement ”) with Silver Lake Alpine II, L.P. and Silver Lake Partners VI, L.P. (together, the “ Initial SL Signatories ”) and Sequoia Capital Fund, L.P. (the “ Sequoia Purchaser ” and, together with the Initial SL Signatories, the “ Initial Signatories ”) relating to the issuance and sale to the Initial Signatories of $1,000,000,000 in aggregate principal amount of Unity’s 2.0% Convertible Senior Notes due 2027 (the “ Notes ”).
View on SEC.gov

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Unity Software Inc. filing history →

Source: SEC EDGAR
accession 0001193125-22-280148
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