RingCentral Announces Proposed Private Offering of $400 Million of Senior Unsecured Notes Due 2030
09 Agosto 2023 - 8:30AM
Business Wire
RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG)
announced today that it intends to offer, subject to market and
other conditions, $400 million aggregate principal amount of its
senior notes due 2030 (the “notes”) in a private offering (the
“offering”) that is exempt from the registration requirements of
the Securities Act of 1933, as amended (the “Securities Act”). The
notes will be senior unsecured obligations of the Company and are
expected to be fully and unconditionally guaranteed on a senior
unsecured basis by certain subsidiaries of the Company.
The Company intends to use a portion of the net proceeds from
this offering to repurchase and/or repay a portion of its
outstanding convertible notes. The Company intends to use the
remainder of the net proceeds from this offering for general
corporate purposes, which may include working capital, capital
expenditures, repurchases or repayments of existing debt, potential
strategic transactions and acquisitions.
The notes have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements of the Securities Act and applicable state securities
laws. This notice is being issued pursuant to and in accordance
with Rule 135c 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. The notes are being offered and sold only to
persons reasonably believed to be qualified institutional buyers
under Rule 144A under the Securities Act and to non-U.S. persons
outside the United States in reliance on Regulation S under the
Securities Act. This press release does not constitute an offer to
purchase, or a solicitation of an offer to sell, our outstanding
convertible notes.
About RingCentral
RingCentral is a leading global provider of cloud-based business
communications and collaboration solutions that seamlessly combine
phone, messaging, video meetings, and contact center. RingCentral
empowers customers with AI-powered conversation intelligence that
unlocks insights from their interaction data to accelerate business
outcomes. With decades of expertise in reliable and secure cloud
communications, RingCentral has earned the trust of millions of
customers and thousands of partners worldwide. Visit
ringcentral.com to learn more.
©2023 RingCentral, Inc. All rights reserved. RingCentral and the
RingCentral logo are trademarks of RingCentral, Inc.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934. These statements involve risks
and uncertainties that could cause actual results to differ
materially, including, but not limited to, whether RingCentral will
be able to consummate the offering and the receipt and use of the
net proceeds from the offering, including any repurchase or
repayment of our outstanding convertible notes. Forward-looking
statements may be identified by the use of the words “may,” “will,”
“expect,” “intend” and other similar expressions. These
forward-looking statements are based on estimates and assumptions
by RingCentral’s management that, although believed to be
reasonable, are inherently uncertain and subject to a number of
risks, including investor demand, market conditions, customary
closing conditions and other factors. Actual results may differ
materially from those anticipated or predicted by RingCentral’s
forward-looking statements. All forward-looking statements are
subject to other risks detailed in our Annual Report on Form 10-K
for the year ended December 31, 2022, and in our Quarterly Reports
on Form 10-Q for the quarters ended March 31, 2023 and June 30,
2023, and the risks discussed in our other filings with the
Securities and Exchange Commission. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. All forward-looking statements in this
press release are based on information available to RingCentral as
of the date hereof, and we undertake no obligation to update the
forward-looking statements contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230809141361/en/
Investor Relations Contact Will Wong, RingCentral
650-450-4826 ir@ringcentral.com
Ringcentral (NYSE:RNG)
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