WORKIVA INC (WK): debt financing — Workiva closes $77M add-on to 1.250% convertible notes due 2028, net proceeds ~$75.8M

WORKIVA INC

Sold additional $77M of 1.250% Convertible Senior Notes due 2028 to Goldman Sachs under option from August 17 offering.
Net proceeds of approximately $75.8M after fees and expenses.
Additional Notes have same terms as the $625M Initial Notes issued August 17, 2023.
Notes mature in 2028, bear interest at 1.250% per annum, and are convertible into Class A common stock.
Notes sold in private placement to QIBs under Rule 144A; conversion shares unregistered.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

WORKIVA INC incurred convertible notes of $77 million aggregate principal amount with Goldman Sachs & Co. LLC at 1.250% maturing due 2028.

Instrument: convertible notes
Principal: $77 million aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC
Rate: 1.250%
Maturity: due 2028
Event: incurrence

Exact text from the filing

On August 29, 2023, Workiva Inc. (the “Company,” “we” or “us”) completed the sale of $77 million aggregate principal amount of its 1.250% Convertible Senior Notes due 2028 (the “Additional Notes”).

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WORKIVA INC filing history →

Source: SEC EDGAR

accession 0001445305-23-000144

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