financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Nutanix Gets Notice to Convert $817.6 Million of 2026 Notes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nutanix Gets Notice to Convert $817.6 Million of 2026 Notes
Jun 10, 2024 2:31 PM

05:09 PM EDT, 06/10/2024 (MT Newswires) -- Nutanix ( NTNX ) said late on Monday it received a notice of conversion for the conversion of $817.6 million of its 2.5% convertible senior notes due 2026.

The company issued the notes in September 2020. The notes are redeemable under certain circumstances on or after Sept. 15, 2025.

Nutanix ( NTNX ) received the notice from Bain Capital affiliate BCPE Nucleon (DE) SPV. The notice is for the entire outstanding principal amount of the 2026 notes.

The requirement for the company is to pay $817.6 million in cash and deliver about 16.9 million shares of its Class A common stock for the settlement.

Nutanix ( NTNX ) said it expects to use its existing balance sheet liquidity to settle the cash portion of the conversion. It expects to deliver the shares in late July 2024.

Price: 53.98, Change: +0.06, Percent Change: +0.11

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Archer Aviation's Midnight Performs Transition From Vertical Hover to Horizontal Cruise in Test Flight -- Shares Rise Pre-Bell
Archer Aviation's Midnight Performs Transition From Vertical Hover to Horizontal Cruise in Test Flight -- Shares Rise Pre-Bell
Jun 12, 2024
08:46 AM EDT, 06/12/2024 (MT Newswires) -- Archer Aviation ( ACHR ) said Wednesday that its Midnight electric aircraft completed a transition from vertical lift-off to a horizontal flying speed of over 100 miles per hour during a June 8 test flight. The transition from vertical to horizontal flight is considered one of the most difficult engineering challenges for electric...
 Euro's Share in Global FX Reserves Falls to 20% in 2023, ECB Report Shows
Euro's Share in Global FX Reserves Falls to 20% in 2023, ECB Report Shows
Jun 12, 2024
08:47 AM EDT, 06/12/2024 (MT Newswires) -- The share of the euro in global foreign exchange reserves declined by 1% at constant exchange rates to 20% in 2023, while the shares of the US dollar, Japanese yen and other non-traditional reserve currencies increased, European Central Bank said Wednesday in a new report. Official reserve managers globally sold around 100 billion...
 Sector Update: Consumer
Sector Update: Consumer
Jun 12, 2024
08:47 AM EDT, 06/12/2024 (MT Newswires) -- Consumer stocks were advancing premarket Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 1.2% higher recently. Casey's General Stores (CASY) was 7% higher after the company reported a stronger-than-expected increase in fiscal Q4 earnings and sales. ...
 First Capital REIT Closes $300 Million Offering of Series C Senior Unsecured Debentures
First Capital REIT Closes $300 Million Offering of Series C Senior Unsecured Debentures
Jun 12, 2024
08:49 AM EDT, 06/12/2024 (MT Newswires) -- First Capital Real Estate Investment Trust (FCR-UN.TO) said Wednesday that it has completed its $300 million offering of Series C senior unsecured debentures on a private placement basis. The debentures were issued at par, bear interest at a rate of 5.455% per annum, and will mature on June 12, 2032. The company plans...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved