Palo Alto Networks raises USD 1.5 billion in senior notes offering

Monday 9 July 2018 | 17:34 CET | News
Update: 11 July 2018 | 16:58 CET
Global cyber security platform provider Palo Alto Networks has raised USD 1.5 billion in an offering of convertible senior notes due 2023. The notes will bear interest at a rate of 0.75 percent per year, and the initial conversion rate is 3.7545 shares for USD 1,000 of debt.

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[11/07/2018 16:58- Update: Adds pricing details.]

Categories: Internet
Companies: Palo Alto Networks
Countries: World
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