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Cloudflare targets private sale of USD 2.18 billion convertible notes due 2031

PUBT·08/10/2026 11:10:09
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Cloudflare targets private sale of USD 2.18 billion convertible notes due 2031
  • Cloudflare announced a private offering of USD 2.175 billion convertible senior notes due 2031 to qualified institutional buyers under Rule 144A.
  • Notes are convertible into cash, Class A shares, or a mix; maturity set for Aug. 15, 2031; interest terms set at pricing.
  • Initial purchasers may buy up to an additional USD 325 million of notes within 13 days of issuance.
  • Proceeds to fund capped call transactions; remaining funds earmarked for general corporate purposes.
  • Neither the notes nor any Class A shares issuable on conversion will be registered, limiting resale absent an exemption.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CloudFlare Inc. published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.