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RingCentral prices offering of USD 400 mln of convertible senior notes

Thursday 1 March 2018 | 15:27 CET | News
RingCentral has priced its offering of USD 400 million worth of 0 percent convertible senior unsecured notes. The offering was upsized from its original amount of USD 350 million. The greenshoe has also been increased, to USD 60 million from the original 52.5 million. The sale is expected to settle on 5 March. The notes will mature on 15 March 2023, unless earlier redeemed. RingCentral said it may redeem certain notes from 20 September 2020. 

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Categories: Fixed
Companies: RingCentral
Countries: World
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