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Cloudflare, Inc. Announces Pricing of Offering of $1.75 Billion of 0% Convertible Senior Notes Due 2030

1. Cloudflare raises $1.75 billion through convertible senior notes for growth initiatives. 2. Investors can purchase additional notes, signaling strong institutional interest.

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FAQ

Why Bullish?

The successful pricing of $1.75 billion indicates robust investor confidence and potential for growth similar to past financing successes in tech.

How important is it?

The capital raised enhances Cloudflare's growth potential, impacting its valuation positively in the near term.

Why Short Term?

Immediate capital availability is expected to bolster Cloudflare's operational flexibility and market positioning, similar to previous capital raises facilitating swift expansions.

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SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (“Cloudflare”) (NYSE: NET) today announced the pricing of $1.75 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Cloudflare also granted the initial purchasers of the notes a 13-day option to purchase up.

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