1.00% Convertible Senior Notes due 2029
Note · BlackLine, Inc.
Reference: 1.00% Convertible Senior Notes due 2029
- Original principal
- USD 600,000,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- Jun 1, 2029
Last reported interest terms: 1% Reported 2024-05-24 Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
Documents and filing history
-
Issuance
· 2024-05-24
Original principal USD 600,000,000 Exact source document
Parent 8-K filing · 2024-05-24
On May 24, 2024, the Company entered into an Indenture (the “Indenture”), by and between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), pursuant to which the Company issued $600 million aggregate principal amount of Notes. The Notes will bear interest from May 24, 2024 at a rate of 1.00% per year payable semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2024.The Notes may bear additional interest under specified circumstances relating to the Company’s failure to comply with its reporting obligations under the Indenture or if the Notes are not freely tradeable as required by the Indenture. The Notes will mature on June 1, 2029, unless earlier repurchased by the Company, redeemed by the Company or converted pursuant to their terms.
Issuer evidence: On May 21, 2024, BlackLine, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Morgan Stanley & Co. LLC (the “Initial Purchaser”), to issue and sell $600 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Supporting evidence: On May 21, 2024, BlackLine, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Morgan Stanley & Co. LLC (the “Initial Purchaser”), to issue and sell $600 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Supporting evidence: On May 21, 2024, BlackLine, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Morgan Stanley & Co. LLC (the “Initial Purchaser”), to issue and sell $600 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).