Splunk Announces Pricing of Upsized $1.1 Billion Convertible Senior Notes Offering

▤ Summary

SAN FRANCISCO--(BUSINESS WIRE)--Splunk Inc. (Nasdaq: SPLK) today announced the pricing of $1.1 billion principal amount of 1.125% Convertible Senior Notes due 2027 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Splunk may also use a portion of the net proceeds to acquire complementary businesses, products, services or technologies, although it has no commitments for any acquisitions at this time. Splunk intends to use the remainder of the net proceeds from the sale of the additional notes for working capital or other general corporate purposes. In connection with the pricing of the notes, Splunk entered into capped call transactions with one or more of the initial purchasers or their respective affiliates and/or other financial institutions (the “option counterparties”). Except as required by law, Splunk assumes no obligation to update these forward-looking statements as a result of new information, future events, changes in expectations or otherwise.

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