debt
confidence high
sentiment neutral
materiality 0.45
A10 Networks amends 8-K to correct net proceeds and repurchase amounts from $200M note offering
A10 Networks, Inc.
- Net proceeds corrected to ~$193.8M (from $218.1M) after deducting discounts and expenses.
- Share repurchases concurrent with offering corrected to ~$43.6M (from $44.2M) at $19.55/share.
- Offering of $200M of 2.75% convertible senior notes due 2030 priced on March 12, 2025.
- Initial conversion price ~$23.46 per share (20% premium over $19.55 close).
- Remaining net proceeds earmarked for working capital and general corporate purposes.