Five9 prices upsized $650M 1% convertible notes due 2029; proceeds to repurchase 2025 notes

Five9, Inc.

Offering upsized from $600M to $650M; initial purchasers have 13-day option for additional $97.5M.
Net proceeds estimated at $633.5M (or $728.8M if option fully exercised).
Approximately $304.9M of net proceeds used to repurchase $313.1M of outstanding 0.500% convertible notes due 2025.
Initial conversion price of ~$79.42 per share (30% premium over $61.09 closing price).
Capped call transactions entered to reduce potential dilution; cap price initially $122.18 per share.

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