Xero Limited has successfully completed the buyback of US$297 million ($397.6 million) in principal amount of the US$300 million 2.375% guaranteed senior unsecured convertible notes due 2023 guaranteed by Xero Limited.

The notes were repurchased at a fixed price of US$448,760 per US$200,000 of the notes for a total consideration of US$666.4 million.

All repurchased notes will be cancelled by Xero.

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