debt
confidence high
sentiment neutral
materiality 0.55
Cloudflare calls all outstanding 0.75% Convertible Notes due 2025 for July redemption
Cloudflare, Inc.
- Redemption of $0.75% Convertible Senior Notes due 2025 on July 18, 2023 at 100% of principal plus accrued interest.
- Holders may convert notes until July 14, 2023; company elects combination settlement with $1,000 cash per $1,000 principal.
- Notes originally issued under indenture; redemption notice issued May 11, 2023.