secwatch.observer — SEC 8-K summary
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Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-048976
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000119312524048976/0001193125-24-048976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000119312524048976/d758295d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-048976

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