---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-056157"
form_type: "8-K"
ticker: "FIVN"
cik: "0001288847"
company_name: "Five9, Inc."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:20:13.980712+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Five9 issues $747.5M of 1% convertible notes due 2029, repurchases $313.1M of 2025 notes

## Summary
- Issued $747.5M principal amount 1.00% Convertible Senior Notes due 2029; net proceeds $728.8M.
- Used $304.9M of net proceeds to repurchase ~$313.1M of its 0.500% 2025 convertible notes.
- Used $93.4M for capped call transactions; remaining proceeds for working capital / general purposes.
- Initial conversion price ~$79.42/share, 30% premium over $61.09 closing price on Feb 27, 2024.
- Capped call cap price $122.18/share to reduce potential dilution on conversion.

## SEC filing metadata
- accession: 0001193125-24-056157
- form_type: 8-K
- ticker: FIVN
- cik: 0001288847
- company_name: Five9, Inc.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/0001193125-24-056157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/d747942d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-056157
- JSON: https://secwatch.observer/filing/0001193125-24-056157.json
- Plain text: https://secwatch.observer/filing/0001193125-24-056157.txt

## Key facts
- Debt Financings
  Five9, Inc. incurred convertible notes of $97.5 million principal amount of Notes at 1.00% per year maturing March 15, 2029.
  - Instrument: convertible notes
  - Principal: $97.5 million principal amount of Notes
  - Rate: 1.00% per year
  - Maturity: March 15, 2029
  - Event: incurrence
  source text: The Notes issued on March 1, 2024 include $97.5 million principal amount of Notes pursuant to the full exercise by the initial purchasers of such option.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/0001193125-24-056157-index.htm
- Debt Financings
  Five9, Inc. incurred convertible notes of $747.5 million principal amount at 1.00% per year maturing March 15, 2029.
  - Instrument: convertible notes
  - Principal: $747.5 million principal amount
  - Rate: 1.00% per year
  - Maturity: March 15, 2029
  - Event: incurrence
  source text: On March 1, 2024, Five9, Inc. (the “Company”) issued $747.5 million principal amount of its 1.00% Convertible Senior Notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/0001193125-24-056157-index.htm
- Material Agreements
  Five9, Inc. entered into Indenture with U.S. Bank Trust Company, National Association (effective 2024-03-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Effective: 2024-03-01
  source text: The Notes were issued pursuant to, and are governed by an Indenture, dated March 1, 2024 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/0001193125-24-056157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.