Box (BOX) Prices $400M Convertible Notes Offreing
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Box, Inc. Announces Pricing of Offering of $400 Million of Convertible Senior Notes
September 18, 2024 1:05 AM EDTREDWOOD CITY, Calif.--(BUSINESS WIRE)-- Box, Inc. (NYSE: BOX), the leading Intelligent Content Cloud, today announced the pricing of $400 million aggregate principal amount of 1.50% convertible senior notes due 2029 (the notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Box also granted the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of the notes. The sale of the notes is expected to close on September 20, 2024, subject to customary closing... More
