secwatch.observer — SEC 8-K summary
======================================

Issuer:     WORKIVA INC (WK)
CIK:        0001445305
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001445305-23-000139
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workiva issues $625M 1.250% convertible notes due 2028; repurchases $274M of 2026 notes
--------------------------------------------------------------------------------

- $625M principal of 1.250% Convertible Senior Notes due 2028 priced; option for additional $100M.
- Initial conversion price ~$133.89/share, representing ~30% premium to Aug. 14 close.
- Used $397M of proceeds to repurchase $274M of existing 1.125% 2026 notes.
- Net proceeds expected ~$615M (or ~$714M if option exercised in full).
- Remaining net proceeds for working capital and potential complementary acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445305/000144530523000139/0001445305-23-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445305/000144530523000139/wk-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001445305-23-000139

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer