AXON ENTERPRISE, INC. (AXON) Form 8-K — Sep 15, 2026
$AXONForm 8-KItems 1.01, 2.03, 7.01, 9.01Filed Sep 15, 2026, 7:20 AM ET0001193125-26-391320Original filing
Axon Enterprise announced a proposed registered public offering of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2031, with underwriters holding an option to purchase up to an additional $150.0 million to cover over-allotments. Goldman Sachs, Morgan Stanley, J.P. Morgan, RBC Capital Markets and Citigroup are acting as joint lead book-running managers.
Key figures
- Debt Amount
- 1000000000
- Interest Rate
- 0% on the convertible notes; Revolving Facility priced at SOFR plus 1.25% to 1.75%
- Maturity Date
- September 15, 2031 (Notes); Revolving Facility extended to as late as September 18, 2031 (from March 11, 2030)
- Holder repurchase date
- March 20, 2031
- Max net leverage ratio
- 3.50 to 1.00 (with 1.00 step-up for four quarters after a permitted acquisition)
- Revolver commitment fee
- 0.15% per annum on unused commitments
- Revolver accretion option
- additional $150.0 million
- Notes overallotment option
- $150.0 million
- Min interest coverage ratio
- 3.50 to 1.00
- Revolving facility new size
- $500.0 million
- Optional redemption condition
- stock at least 130% of conversion price for 20 of 30 trading days, on or after September 20, 2029
- Revolving facility prior size
- $300.0 million
- Springing maturity stock price threshold
- $350 on December 18, 2030
AI analysis
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