![]() Slack may not redeem the notes prior to April 20, 2023. On or after January 15, 2025, the notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. ![]() Prior to January 15, 2025, the notes will be convertible only upon satisfaction of certain conditions and during certain periods. The notes will mature on April 15, 2025, unless earlier converted, repurchased or redeemed in accordance with their terms. The notes will bear interest at a rate of 0.50% per year, payable semi-annually in arrears on April 15 and October 15 of each year, beginning October 15, 2020. The sale is expected to close on April 9, 2020, subject to customary closing conditions. In connection with the offering, Slack granted the initial purchasers an option to purchase up to an additional $112.5 million aggregate principal amount of notes. The offering was upsized from the previously announced offering of $600.0 million aggregate principal amount of notes. (NYSE: WORK) announced today the pricing of $750.0 million aggregate principal amount of 0.50% convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). ![]() SAN FRANCISCO-( BUSINESS WIRE)-Slack Technologies, Inc. ![]()
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