Axon Enterprise, Inc. announced the pricing of an upsized offering of senior notes, totaling $1.75 billion in aggregate principal amount. This includes $1.00 billion of 6.125% Senior Notes due 2030 and $750.0 million of 6.250% Senior Notes due 2033. The total offering size was increased from the previously announced $1.5 billion.
The net proceeds from this offering are intended for general corporate purposes. These purposes may include potentially repurchasing or redeeming Axon's 0.50% Convertible Senior Notes due 2027. The capital will also support Axon's growth initiatives and facilitate acquisitions or investments in product lines, services, or technologies.
The sale of these notes is expected to close on March 11, 2025, subject to customary closing conditions. The notes of each series will be general senior unsecured obligations of Axon. This financing move provides Axon with substantial capital to fund its strategic objectives and manage its existing debt structure.
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