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Fastly privately negotiates to buy $40.2 million 0% convertibles
By Mary-Katherine Stinson
Lexington, Ky., Nov. 7 – Fastly Inc. entered into a privately negotiated transaction on Nov. 6 to buy around $40.2 million of its 0% convertible senior notes due 2026, according to an 8-K filing with the Securities and Exchange Commission.
The company will pay $34.8 million in cash to buy the notes.
The repurchase is expected to close on Nov. 8.
After the company cancels the notes, there will be $437.2 million of the notes outstanding.
Fastly is a San Francisco-based cloud computing services provider.
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