debt
confidence high
sentiment neutral
materiality 0.60
A10 Networks issues additional $25M of 2.75% Convertible Notes due 2030, total now $225M
A10 Networks, Inc.
- Issued $25M additional principal of 2.75% Convertible Senior Notes due 2030, exercising full greenshoe option.
- Total aggregate principal of Notes now $225M; net proceeds from total offering approx. $218.1M.
- Notes issued in private placement under Rule 144A; initial conversion rate 51.1508 shares per $1,000 principal.
- Up to ~11.5 million shares of common stock may be issued upon conversion, subject to anti-dilution adjustments.