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Xero successfully completes buyback of US$297 mil of the US$300 mil 2.375% notes due 2023

Felicia Tan
Felicia Tan • 1 min read
Xero successfully completes buyback of US$297 mil of the US$300 mil 2.375% notes due 2023
The redemption in whole will be affected on Jan 21, 2021 with a redemption payment of US$201,411.81 per note.
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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.

The redemption in whole will be affected on Jan 21, 2021 with a redemption payment of US$201,411.81 per note.

As at 8.58am, shares in Xero are trading 1.08% up at A$132.07 ($130.52).

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