secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001193125-24-222896
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000119312524222896/0001193125-24-222896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000119312524222896/d843402d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-222896

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