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Axon Amends Credit Agreement, Plans $1 Billion 0% Convertible Note Offering
Filed with the SEC on · Summarized by InvestorsBot
Axon entered a second amendment with its lenders and JPMorgan Chase Bank, N.A., as administrative agent, contingent on closing its proposed $1.0 billion 0% convertible notes offering due 2031. The amendment is expected to expand its revolving credit facility from $300 million to $500 million, with a potential additional $150 million, and extend maturity to as late as September 2031; proceeds may support growth, acquisitions and other general corporate purposes.