Cloudflare (NET) offers 500MM convertible bonds

https://seekingalpha.com/news/3573743-cloudflare-prices-500m…

I am not so savvy with financing, but it might be useful for someone who can get info out of it.

Mike

From what I have gathered over the years of being on this board and subscribing to Tickertarget.com, an amazing resource that hasn’t yet posted on this particular offering, this is Cloudflare selling notes - like getting next to free money that they will invest in taking advantage of this amazing time of growth for their company. NET utilizes Usage based Pricing as their revenue model, so getting people/SMBs onboarded quick and inexpensively is good for them.

Of course their are other on this board with vastly more knowledge than I and perhaps they’ll add to what I’ve said or correct any of my misunderstandings here. If they don’t then enough said.

Hope this was helpful,

Jason

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