Five9 Announces Exercise of the Option to Purchase Additional 1.00% Convertible Notes Due 2029
2024年3月1日 - 9:47AM
ビジネスワイヤ(英語)
Five9, Inc. (NASDAQ: FIVN), the Intelligent CX Platform
provider, today announced the exercise of the entire $97.5 million
aggregate principal amount option to purchase additional 1.00%
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 (the “Act”), resulting in a total
offering size of $747.5 million. The notes to be sold in connection
with the exercise of the option to purchase additional notes have
the same terms in all respects as the other notes to be sold in the
offering. The total offering of $747.5 million aggregate principal
amount of notes is expected to settle on March 1, 2024.
The net proceeds from the sale of notes in connection with the
exercise of the option to purchase additional notes is expected to
result in approximately $95.3 million of additional net proceeds.
Five9 expects to use a portion of the net proceeds from the sale of
the additional notes to enter into additional capped call
transactions with one of the initial purchasers in the offering and
other financial institutions. The remainder of the additional net
proceeds from the sale of the additional notes is expected to be
used for working capital and other general corporate purposes.
The notes were and will be offered only to persons reasonably
believed to be qualified institutional buyers pursuant to Rule 144A
under the Act. Neither the notes nor the shares of common stock
issuable upon conversion of the notes, if any, have been, nor will
be, registered under the Act or the securities laws of any other
jurisdiction and may not be offered or sold in the United States
absent registration or an applicable exemption from such
registration requirements.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation, or sale in any jurisdiction in which such
offer, solicitation, or sale is unlawful.
Forward-Looking Statements
This news release contains certain forward-looking statements,
including statements regarding the anticipated closing date of the
notes offering, the expected proceeds from the sale of additional
notes and the expected use of proceeds, that are based on our
current expectations and involve numerous risks and uncertainties
that may cause these forward-looking statements to be inaccurate.
Risks that may cause these forward-looking statements to be
inaccurate include, among others: (i) whether Five9 will be able to
consummate the offering, (ii) the satisfaction of customary closing
conditions with respect to the offering of the notes, (iii) the
anticipated use of net proceeds of the sale of the additional notes
which could change as a result of market conditions, changes in our
business or for other reasons, (iv) prevailing market conditions,
(v) the impact of adverse general economic conditions, including
the impact of macroeconomic deterioration, including continuing
inflation, increased interest rates, supply chain disruptions,
decreased economic output and fluctuations in currency rates, the
impact of the Russia-Ukraine conflict, the impact of the conflict
in Israel, and other factors, that may continue to harm our
business; and (vi) the other risks detailed from time-to-time under
the caption “Risk Factors” and elsewhere in our Securities and
Exchange Commission filings and reports, including, but not limited
to, our most recent annual report on Form 10-K. Such
forward-looking statements speak only as of the date hereof and
readers should not unduly rely on such statements. We undertake no
obligation to update the information contained in this press
release, including in any forward-looking statements.
About Five9
The Five9 Intelligent CX Platform provides a comprehensive suite
of solutions for orchestrating fluid customer experiences. Our
cloud-native, multi-tenant, scalable, reliable, and secure platform
includes contact center; omni-channel engagement; Workforce
Engagement Management; extensibility through more than 1,000
partners; and innovative, practical AI, automation and journey
analytics that are embedded as part of the platform. Five9 brings
the power of people, technology, and partners to more than 3,000
organizations worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20240229315273/en/
Investor Relations Contacts:
Five9, Inc. Barry Zwarenstein Chief Financial Officer
925-201-2000 ext. 5959 IR@five9.com
The Blueshirt Group for Five9, Inc. Lauren Sloane
Lauren@blueshirtgroup.com
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