secwatch.observer — SEC 8-K summary
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Issuer:     Five9, Inc. (FIVN)
CIK:        0001288847
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001193125-24-056157
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

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/0001193125-24-056157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288847/000119312524056157/d747942d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-056157

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