debt
confidence high
sentiment neutral
materiality 0.50
Rapid7 issues additional $40M of 1.25% convertible senior notes due 2029
Rapid7, Inc.
- Issued $40M aggregate principal of 1.25% Convertible Senior Notes due 2029 to initial purchasers.
- Additional notes have identical terms to original $260M notes issued September 8, 2023.
- Entered additional capped call transactions costing $4.9M to offset potential dilution upon conversion.
- Initial max conversion rate: 20.4331 shares per $1,000 principal, subject to anti-dilution.