Elastic Seeks To Raise $500M Via Private Senior Debt Offering

by Anusuya Lahiri, Benzinga Editor
June 28, 2021 8:19 AM | 25 seconds read |
  • Search company Elastic NV ESTC intends to offer $500 million senior notes due 2029 in a private institutional offering.
  • The offering proceeds will serve general corporate purposes, including capital expenditures, investments, working capital, and strategic acquisitions.
  • It had an accumulated deficit of $613.3 million as of April 30, 2021.
  • ESTC shares gained 60% last year.
  • Price action: ESTC shares closed higher by 1.47% at $148.79 on Friday.
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