secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0001517413-24-000244
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Fastly issues $150M 7.75% convertible notes due 2028 and repurchases $157.9M of 2026 notes
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- Issued $150.0 million principal of 7.75% convertible notes due 2028 with conversion price of $19.74 per share.
- Used $150.0 million proceeds to repurchase $157.9 million principal of existing 0.00% convertible notes due 2026.
- After transaction, $188.6 million of 2026 notes and $150.0 million of 2028 notes remain outstanding.
- J. Wood Capital Advisors plans to buy ~1.3 million shares of FSLY common stock concurrently in private deals.
- Interest on new notes is 7.75% annually, first payment due June 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741324000244/0001517413-24-000244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741324000244/fsly-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001517413-24-000244

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer