- Upwork Inc UPWK plans to offer $500 million of convertible senior notes due 2026 in a private placement.
- Upwork also intends to grant the initial purchasers an option to purchase up to an additional $75.0 million of notes. The notes will mature on August 15, 2026. Interest will be payable semiannually in arrears.
- Upwork intends to use a portion of the net proceeds to pay the cost of the capped call transactions and the remainder for general corporate purposes.
- Price Action: UPWK shares are trading lower by 8.18% at $47.05 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
