debt
confidence high
sentiment positive
materiality 0.65
Fastly repurchases ~$40.2M convertible notes at 86.6% of par, $437.2M remain
Fastly, Inc.
- Repurchased $40.2M aggregate principal of 0% Convertible Senior Notes due 2026 for $34.8M cash.
- Closing expected November 8, 2023; repurchased notes will be cancelled.
- After cancellation, approximately $437.2M principal amount of notes remains outstanding.
- Transaction reduces potential dilution from conversion of notes.