NETSUITE TO BORROW $270 MILLION
- Tuesday, 28 May 2013
- News and Analysis
NetSuite plans to borrow $270 million in principal through the sale of convertible senior notes. There is also an additional $40 million authorized to cover over-allotments, according to this week's announcement of the debt offering. The announcement gives a typical laundry list of possible uses for proceeds, including working capital and other general purposes. But I get the feeling the item citing possible acquisitions in complementary businesses, products, services, technologies and capital expenditures” is going to get its share.
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