---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-147012"
form_type: "8-K"
ticker: "BL"
cik: "0001666134"
company_name: "BLACKLINE, INC."
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:45:07.677496+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BlackLine issues $600M 1% convertible notes due 2029; repurchases $919.8M of 2026 notes

## Summary
- Issued $600M principal of 1.00% convertible senior notes due 2029; initial conversion price $68.47 per share (30% premium).
- Net proceeds ~$588.3M; used $53.1M for capped calls and ~$848.5M to repurchase $919.8M of outstanding 2026 notes.
- Capped calls cover ~8.763M shares with cap at $92.17/share, reducing dilution upon conversion.
- Notes convertible under certain conditions; redeemable after June 5, 2027 if stock price ≥130% of conversion price.
- Interest at 1% per annum payable semiannually; first payment Dec 1, 2024.

## SEC filing metadata
- accession: 0001193125-24-147012
- form_type: 8-K
- ticker: BL
- cik: 0001666134
- company_name: BLACKLINE, INC.
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666134/000119312524147012/0001193125-24-147012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666134/000119312524147012/d650725d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-147012
- JSON: https://secwatch.observer/filing/0001193125-24-147012.json
- Plain text: https://secwatch.observer/filing/0001193125-24-147012.txt

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