Axon Enterprise (AXON) said Wednesday it priced an upsized $1.75 billion private offering of senior notes.
The offering covers $1 billion principal amount of 6.125% of senior notes due 2030 and $750 million of 6.250% senior notes due 2033, according to the company.
Axon said it intends to use the proceeds for general corporate purposes, which may include repurchasing or redeeming 0.50% convertible notes due 2027, as well as acquisitions or investments in product lines, products, services, or technologies.
The company said it expects to close the offering on March 11.
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