Workiva Announces Upsize and Pricing of Private Offering of $625 Million of 1.250% Convertible Senior Notes
NEW YORK--(BUSINESS WIRE)-- Workiva Inc. (NYSE: WK), the world’s leading cloud platform for assured, integrated reporting, today announced the pricing of its offering of $625 million principal amount of its 1.250% Convertible Senior Notes due 2028 (the “2028 Notes”) through a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $525 million (or $600 million if the initial purchaser exercises its option to purchase additional notes in full). Workiva also granted the initial purchaser an option to purchase, for settlement within a 13-day period from, and including, the date the 2028 Notes are first issued, up to an additional $100 million principal amount of the 2028 Notes. The offering is expected to close on August 17, 2023, subject to customary closing conditions.