Dropbox Announces $1 Billion Convertible Notes Offering

By Reuters News

- Dropbox Inc DBX.O:

  • DROPBOX, INC. ANNOUNCES $1.0 BILLION CONVERTIBLE NOTES OFFERING

  • DROPBOX - TO REPURCHASE ABOUT $175 MILLION OF CLASS A COMMON STOCK

  • DROPBOX - GRANTS 13-DAY OPTION FOR UP TO $150 MILLION ADDITIONAL NOTES

  • DROPBOX - EXPECTS TO REPAY AT LEAST $750 MILLION OF TERM LOAN BORROWINGS

Further company coverage: DBX.O

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