- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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