Twilio Announces Proposed Public Offering of $1.0 Billion of Senior Notes
March 03 2021 - 7:15AM
Business Wire
Twilio Inc. (“Twilio”) (NYSE: TWLO) today announced that it
intends to offer, subject to market and other conditions, $1.0
billion of unsecured senior notes in a transaction registered under
the Securities Act of 1933, as amended. The offering will be made
only by means of a prospectus supplement and accompanying
prospectus under Twilio’s effective shelf registration statement.
The interest rate, offering price, and other terms of the notes
will be determined by Twilio.
Twilio intends to use the net proceeds of the offering for
general corporate purposes, which may include the acquisition of
other companies or businesses, strategic investments, the
refinancing or repayment of debt, capital expenditures, working
capital and share repurchases.
J.P. Morgan, Morgan Stanley and BofA Securities are acting as
joint book-running managers for the proposed offering. Academy
Securities, Cabrera Capital Markets and Siebert Williams Shank are
acting as co-managers for the proposed offering.
The public offering is being made pursuant to an automatic shelf
registration statement on Form S-3 that was filed by Twilio with
the U.S. Securities and Exchange Commission (the “SEC”) on May 29,
2020 and automatically became effective upon filing. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the offering will be filed with the SEC and
are available on the SEC’s website at www.sec.gov. Copies of the
preliminary prospectus supplement and accompanying prospectus, when
available, may be obtained from J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at (866) 803-9204, or by email at
prospectus-eq_fi@jpmchase.com; or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall there be any
sale of the notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Twilio
Millions of developers around the world have used Twilio to
unlock the magic of communications to improve any human experience.
Twilio has democratized communications channels like voice, text,
chat, video, and email by virtualizing the world’s communications
infrastructure through APIs that are simple enough for any
developer to use, yet robust enough to power the world’s most
demanding applications. By making communications a part of every
software developer’s toolkit, Twilio is enabling innovators across
every industry — from emerging leaders to the world’s largest
organizations — to reinvent how companies engage with their
customers.
Source: Twilio Inc
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version on businesswire.com: https://www.businesswire.com/news/home/20210303005512/en/
Investor Contact: Andrew Zilli ir@Twilio.com
Media Contact: Carolyn Bos press@Twilio.com
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