Fastly repurchases $236.4M of 0% convertible notes for ~$195M cash

Fastly, Inc.

Repurchased ~$236.4M principal of 0% convertible notes due 2026 for ~$195M cash.
Cash price based on May 5 closing stock price of $11.78; expected close May 15, 2023.
After cancellation, $477.4M principal of notes will remain outstanding.
Repurchase at ~82.5% of par reduces potential dilution from conversion.

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