Box, Inc. (BOX), a cloud storage company, said on Wednesday that it has priced a private offering of $400 million of 1.50 percent convertible senior notes due 2029.
The company expects to use the proceeds from the offering to pay the cost of the capped call transactions, repurchase of its convertible senior notes due 2026, and for working capital and other general corporate purposes.
Box has also granted the initial purchasers an option to purchase up to an additional $60 million of notes.
The net proceeds from the offering are expected to be around $389.2 million, or $447.8 million, if the initial purchasers exercise their option to purchase additional notes in full.
The sale of the notes is expected to be closed on September 20.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.