secwatch / observer
8-K filed August 14, 2023, 7:59 PM ET ticker RNG CIK 0001384905
debt confidence high sentiment neutral materiality 0.70

RingCentral prices $400M of 8.5% senior notes due 2030, proceeds to repay convertible notes

RingCentral, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RingCentral, Inc. entered into Purchase Agreement with J.P. Morgan Securities LLC, as representative of the initial purchasers named therein valued at $400 million aggregate principal amount of 8.500% Senior Notes due 2030 (effective 2023-08-11).

Action
entry
Agreement
notes offering
Counterparty
J.P. Morgan Securities LLC, as representative of the initial purchasers named therein
Value
$400 million aggregate principal amount of 8.500% Senior Notes due 2030
Effective
2023-08-11
Exact text from the filing
On August 11, 2023, RingCentral, Inc., a Delaware corporation (the “Company”), RingCentral International, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“RGC International”), RingCentral IP Holdings, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“RGC IP Holdings”), and RingCentral Holdings I, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“RGC Holdings”, and, together with RGC International and RGC IP Holdings, the “Subsidiary Guarantors”) entered into a purchase agreement (the “Purchase Agreement”) with J.P. Morgan Securities LLC, as representative of the initial purchasers named therein (the “Initial Purchasers”), pursuant to which the Company has agreed to issue and sell, and the Initial Purchasers have agreed to purchase, $400 million aggregate principal amount of 8.500% Senior Notes due 2030 (the “Notes”).
View on SEC.gov

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RingCentral, Inc. filing history →

Source: SEC EDGAR
accession 0001384905-23-000039
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