Five9, Inc. (NASDAQ: FIVN), a provider of the intelligent cloud contact center, has announced the exercise and closing of the entire USD 97.5 million aggregate principal amount of the option to purchase additional 0.500% convertible senior notes due 2025 (the “notes”) in a private placement to qualified institutional buyers, resulting in a total offering size of USD 747.5 million, the company said.
The notes sold in connection with the exercise of the option to purchase additional notes have the same terms in all respects as the notes previously sold in such offering.
The net proceeds from the sale of the notes in connection with the exercise of the option to purchase additional notes were approximately USD 95.1 million, after deducting the initial purchasers´ discounts.
Five9 used USD 11.8 million of the proceeds from the exercise of the option to purchase additional notes to enter into additional capped call transactions with the initial purchasers and/or their respective affiliates (the “option counterparties”). The remainder of the net proceeds from the offering will be used for working capital and other general corporate purposes.
Five9 is a 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.