Slack Is Beefing Up Its Balance Sheet

Earlier this week, enterprise messaging and collaboration platform Slack (NYSE: WORK) announced a $600 million proposed offering of convertible senior notes, which included an option for institutional investors to collectively buy up to $90 million more of the debt. The company subsequently said it upsized the deal to $750 million while pricing the convertibles. In other words, Slack had no trouble finding buyers for its paper.

Here's what investors need to know about Slack beefing up its balance sheet.

CEO Stewart Butterfield. Image source: Slack.

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Source Fool.com