SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ -- DocuSign, Inc.
(Nasdaq: DOCU) today announced the closing of a new $500 million, five year senior secured revolving
credit facility. The facility will be undrawn at closing and
carries an accordion feature allowing for an additional
$250 million of capacity, subject to
customary terms and conditions.
"This transaction provides us with more flexibility on our
balance sheet to deliver on our growth agenda. We are taking
advantage of the favorable market environment to optimize our
capital structure and strengthen our balance sheet," remarked
Cynthia Gaylor, Chief Financial
Officer of DocuSign.
DocuSign also separately announced today the launch of a private
offering of senior convertible notes.
Investor Relations:
Annie Leschin
VP Investor Relations
investors@docusign.com
Media Relations:
Adrian Wainwright
Head of Communications
media@docusign.com
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SOURCE DocuSign, Inc.