debt
confidence high
sentiment neutral
materiality 0.75
Nutanix issues $862.5M 0.50% convertible notes due 2029; repurchases $75M of 2027 notes and $200M in stock
Nutanix, Inc.
- Net proceeds of ~$844.5M; used $95.5M to repurchase $75M of existing 2027 notes and $200M to buy back 3.1M shares at $64.78/share.
- Conversion price ~$85.83 per share (initial conversion rate 11.6505 shares per $1,000 principal).
- Notes mature Dec 15, 2029; redeemable at Nutanix's option after Dec 20, 2027 if stock price ≥130% of conversion price.
- Annual meeting results: all six directors elected; Deloitte ratified; say-on-pay approved; advisory vote on frequency set at every 1 year.
- Interest rate 0.50% per annum, payable semi-annually starting June 15, 2025.