secwatch.observer — SEC 8-K summary
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Issuer:     Unity Software Inc. (U)
CIK:        0001810806
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001193125-22-280148
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unity issues $1B of 2% convertible notes due 2027; proceeds for $2.5B share repurchase
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- $1B of 2.0% convertible notes due Nov 2027; conversion price $48.89/share (20.4526 shares/$1k).
- Silver Lake entities purchase $940M, Sequoia purchases $60M of the notes.
- Proceeds to partially fund up to $2.5B share repurchase in open market.
- Notes are unsecured, unsubordinated, rank equally with existing and future unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810806/000119312522280148/0001193125-22-280148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810806/000119312522280148/d418547d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-280148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer