---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-222896"
form_type: "8-K"
ticker: "BOX"
cik: "0001372612"
company_name: "BOX INC"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:44:31.832860+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Box issues $460M of 1.50% convertible notes due 2029; repurchases $140M of 2026 notes

## Summary
- Issued $460M aggregate principal of 1.50% convertible senior notes due Sept 15, 2029.
- Initial conversion price ~$43.46/share, a 30% premium to $33.43 closing price on Sept 17.
- Entered capped call transactions with strike $43.46 and cap $66.86 to offset dilution.
- Used ~$191.7M of net proceeds to repurchase $140M principal of outstanding 0% 2026 notes.
- Net proceeds approx $447.8M; remaining cash for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001193125-24-222896
- form_type: 8-K
- ticker: BOX
- cik: 0001372612
- company_name: BOX INC
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372612/000119312524222896/0001193125-24-222896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372612/000119312524222896/d843402d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-222896
- JSON: https://secwatch.observer/filing/0001193125-24-222896.json
- Plain text: https://secwatch.observer/filing/0001193125-24-222896.txt

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