A10 Networks, Inc. (ATEN): debt financing — A10 Networks issues $200M 2.75% convertible notes due 2030; concurrent $44.2M share repurchase

A10 Networks, Inc.

Issued $200M 2.75% convertible senior notes due 2030; initial purchasers have option for additional $25M.
Conversion rate 42.6257 shares/$1,000 (~$23.46/share), a 20% premium over March 12 close of $19.55.
Net proceeds ~$193.8M; concurrently repurchased $44.2M of common stock at $19.55 per share.
Notes redeemable after April 5, 2028 if stock price is at least 130% of conversion price.
Remaining proceeds for working capital, general corporate purposes, and potential future acquisitions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

A10 Networks, Inc. incurred convertible notes of $200,000,000 with U.S. Bank Trust Company, National Association at 2.75% per annum maturing April 1, 2030.

Instrument: convertible notes
Principal: $200,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 2.75% per annum
Maturity: April 1, 2030
Event: incurrence

Exact text from the filing

On March 17, 2025, A10 Networks, Inc. (the “Company”) issued $200,000,000 principal amount of its 2.75% Convertible Senior Notes due 2030 (the “Notes”).

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A10 Networks, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-055662

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