AI assistant
XERO LIMITED — Capital/Financing Update 2024
Jun 11, 2024
66106_rns_2024-06-11_4388cc88-26b0-4b3a-87c2-0353c3f822cc.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [164 x 63] intentionally omitted <==
MARKET RELEASE
Xero announces settlement of US$925m 1.625 per cent guaranteed senior unsecured convertible notes due 2031
WELLINGTON, 12 June 2024 – Further to the announcements by Xero Limited (ASX: XRO) (“Xero”) on 4 June and 5 June, Xero is pleased to announce the settlement of:
-
The issue of US$ 925 million 1.625 per cent guaranteed senior unsecured convertible notes, due 20 31 (the “2031 Notes”) ; and
-
The concurrent repurchase of an aggregate amount of US$ 646 million in principal of the U.S.$700,000,000 zero coupon guaranteed senior convertible notes due 2025 (“2025 Notes”) for a total consideration of US$ 618 million (with such repurchased 2025 Notes being cancelled by Xero in accordance with the terms and conditions of the 2025 Notes).
The 2031 Notes will be listed on the Singapore Exchange Securities Trading Limited (SGX – ST) at 9:00am (SGT) on 13 June 2024.
Goldman Sachs International and Morgan Stanley & Co. International plc acted as Joint Lead Managers on the offering of the 2031 Notes and the repurchase of the 2025 Notes.
Authorised for release to the ASX by the Xero CFO
Contact
Kate McLaughlin - Communications Nicole Mehalski – Investor Relations Mobile: +64 27 533 4529 Mobile: +64 400 947 145 [email protected] [email protected]
About Xero
Xero is a global small business platform with 4.2 million subscribers. Xeroʼs smart tools help small businesses and their advisors to manage core accounting functions like tax and bank reconciliation, and complete other important small business tasks like payroll and payments. Xeroʼs extensive ecosystem of connected ap ps and connections to banks and other financial institutions provide a range of solutions from within Xeroʼs open platform to help small businesses run their business and manage their finances more efficiently.
Xero Limited (XRO) Registered Address www.xero.com NZ Company no. 1830488 19-23 Taranaki St ARBN 160 661 183 Te Aro
Wellington 6011