Axon prices $1 billion of zero-coupon convertible notes
Axon ($AXON) priced $1 billion of convertible senior notes carrying no regular interest and maturing in 2031. Initial purchasers can buy an additional $150 million. The initial conversion price is approximately $652.06 per share, with settlement expected subject to customary closing conditions. Pricing does not yet mean the financing has closed. Estimated net proceeds are about $986 million before approximately $99.9 million of capped-call transaction costs. Axon plans to use the remaining capit
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