Unity estimates that the net proceeds from the Offering will be approximately $1.48 billion (or approximately $1.70 billion if the initial purchasers exercise their option to purchase additional Notes in full) to Unity after deducting the initial purchasers’ discounts and commissions and estimated Offering expenses payable by Unity. The Notes will mature on November 15, 2026, unless earlier converted, redeemed or repurchased. The Notes will be general unsecured obligations of Unity and will not bear regular interest, and the principal amount of the Notes will not accrete. The sale of the Notes to the initial purchasers is expected to close on November 19, 2021, subject to customary closing conditions. Unity has also granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $225.0 million aggregate principal amount of Notes. (“Unity”) (NYSE: U), the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content, today announced the pricing of $1.5 billion aggregate principal amount of 0% Convertible Senior Notes due 2026 (the “Notes”) in a private placement (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). SAN FRANCISCO-( BUSINESS WIRE)-Unity Software Inc.
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