RingCentral Offers USD 1.0 Billion Convertible Senior Notes

RingCentral Partners with PCM to Bring Cloud Communications Solutions to Enterprises

RingCentral, Inc. (NYSE:RNG) has announced its intention to offer, subject to market conditions and other factors, USD 1.0 billion aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private placement, the company said.

RingCentral also expects to grant the initial purchasers of the notes an option to purchase, during a 13-day period from, and including, the initial issuance date of the notes, up to an additional USD 150 million aggregate principal amount of the notes.

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