Elastic Announces Upsizing and Pricing of $575 Million of Senior Unsecured Notes Due 2029
30 Juni 2021 - 11:42PM
Business Wire
Elastic N.V. (“Elastic” or the “Company”) (NYSE: ESTC) announced
today that it has priced its offering of $575 million aggregate
principal amount of its 4.125% senior notes due 2029 (the “notes”)
in a private offering (the "offering") that is exempt from the
registration requirements of the United States Securities Act of
1933, as amended (the "Securities Act"). The aggregate principal
amount of the offering was increased by $75 million from the
previously announced offering size. The offering is expected to
close on July 6, 2021, subject to customary closing conditions. The
Company intends to use the net proceeds of the offering for general
corporate purposes, which may include capital expenditures,
investments and working capital. In addition, from time to time in
the past the Company has considered, and continues to consider,
acquisitions and strategic transactions, and also may use the net
proceeds of the offering for such purposes.
The notes have not been and will not be registered under the
Securities Act, or the securities laws of any other jurisdiction.
Unless they are registered, the notes may be offered only in
transactions that are exempt from registration under the Securities
Act and applicable state securities laws. The notes are being
offered and sold only to persons reasonably believed to be
qualified institutional buyers under Rule 144A and to non-U.S.
persons outside the United States in reliance on Regulation S under
the Securities Act.
This press release is for informational purposes only and
does not constitute an offer to sell, or a solicitation of an offer
to buy, nor shall there be any sale of the notes in any state or
jurisdiction in which such offer, solicitation or sale is unlawful.
Any offers of the notes will be made only by means of a private
offering memorandum. This notice is being issued pursuant to and in
accordance with Rule 135(c) under the Securities Act.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on Elastic management’s current expectations. Such statements
include plans, projections and estimates regarding the offering and
the receipt and use of the net proceeds from the offering. Such
forward-looking statements are subject to certain risks,
uncertainties and assumptions, including investor demand, market
conditions, customary closing conditions and other factors. In
particular, there can be no assurance that Elastic will complete
the offering. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those expected. More
information about potential risk factors that could affect Elastic
and its results is included in Elastic’s filings with the SEC,
including its Annual Report on Form 10-K for the year ended April
30, 2021. Elastic does not assume any obligation to update the
forward-looking information contained in this press release.
About Elastic
Elastic is a search company built on a free and open heritage.
Anyone can use Elastic products and solutions to get started
quickly and frictionlessly. Elastic offers three solutions for
enterprise search, observability, and security, built on one
technology stack that can be deployed anywhere. From finding
documents to monitoring infrastructure to hunting for threats,
Elastic makes data usable in real time and at scale. Founded in
2012, Elastic is a distributed company with Elasticians around the
globe.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210630006012/en/
Anthony Luscri Elastic Investor Relations ir@elastic.co
(650) 695-1055
Lisa Boughner Elastic Corporate Communications
lisa.boughner@elastic.co
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