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Datadog Inc. (ticker: $DDOG) has announced an upsized offering of $870 million in Convertible Senior Notes due 2029. Initially set at $775 million, the offering includes an option for an additional $130 million. The proceeds from this offering will be utilized for capped call transactions aimed at reducing share dilution and repurchasing part of its 2025 notes. The sale is expected to close on December 12, 2024, with Datadog estimating net proceeds of approximately $847 million after deducting discounts and expenses.
Datadog is stepping up its game with an $870 million convertible note offering due in 2029. Originally set at $775 million, the upsized offering also includes an option for an additional $130 million. 💸 The sale is expected to close on December 12, and Datadog estimates net… https://t.co/atWrFa8302
$FLNC (-10.2% pre) Fluence Energy, Inc. (FLNC) Announces Convertible Notes Offering and Intention to Enter into Capped Call Transactions - SI https://t.co/yLLtgRKajJ
$DDOG (-1.4% pre) Datadog Announces Pricing of Upsized Offering of $870 Million Convertible Senior Notes - SI https://t.co/6N4PTPUEzY