Five9 (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, has closed on $747.5 million aggregate principal amount of 0.500% Convertible Senior Notes due 2025 (after exercise of the over-allotment option) in a transaction pursuant to Rule 144A under the Securities Act of 1933. According to the update, the notes will be senior, unsecured obligations of Five9, with interest payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2020. Unless earlier converted, redeemed or repurchased, the notes will mature on June 1, 2025. Five9 may not redeem the notes prior to June 6, 2023, but on or after June 6, 2023 and prior to March 1, 2025, may redeem the notes, at its option and subject to certain conditions as detailed in the update. The initial conversion rate for the notes is 7.4437 shares of common stock per $1,000 principal amount of notes. The initial conversion price of approximately $134.34 per share represents a premium of approximately 30.0% to the $103.34 per share closing price of Five9’s common stock on the Nasdaq Global Market on May 21, 2020.
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About Five9, Inc.
Five9 is a leading provider of cloud contact center software for the intelligent contact center space, bringing the power of cloud innovation to customers and facilitating more than six billion call minutes annually. Five9 provides end-to-end solutions with omnichannel routing, analytics, WFO and AI to increase agent productivity and deliver tangible business results. The Five9 Genius platform is reliable, secure, compliant and scalable; designed to create exceptional personalized customer experiences. For more information, please visit www.Five9.com.
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