Fastly repurchases $235M of 0% convertible notes due 2026 for ~$176M

Fastly, Inc.

Repurchasing ~$235M principal amount of 0% Convertible Senior Notes due 2026 for ~$176.2M in cash.
Based on May 23, 2022 closing stock price of $11.85 per share; final price subject to adjustment.
Repurchases expected to close May 31, 2022; after cancellation, ~$713.8M of Notes remain outstanding.
Company intends to cancel repurchased Notes; transaction could affect common stock price.

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