Axon Announces Pricing of $1.0 Billion Offering of 0% Convertible Senior Notes Due 2031
The offering could expand Axon’s share count and add $1 billion in debt, as the company seeks funds for growth and acquisitions.
- On Tuesday, Axon Enterprise, Inc. announced the pricing of $1.0 billion in 0% convertible senior notes due 2031, with shares falling 8.8% following the announcement.
- Axon currently carries $1.7 billion in debt, and the company reported revenue growth of 35% in its most recent quarter, justifying capital expansion for AI investments.
- To mitigate potential stock dilution, Axon entered into privately negotiated 'capped call transactions' with option counterparties designed to offset potential cash payments upon conversion of the notes.
- Approximately $986.0 million in net proceeds will support general corporate purposes, including capital for growth and acquisitions of new product lines and services.
- The notes will mature on September 15, 2031, though Axon may redeem them for cash starting September 20, 2029, if the stock price reaches at least 130% of the conversion price.
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The Billings Gazette
Axon Announces Pricing of $1.0 Billion Offering of 0% Convertible Senior Notes Due 2031
SCOTTSDALE, Ariz., Sept. 16, 2026 /PRNewswire/ -- Axon Enterprise, Inc. (Nasdaq: AXON) ("Axon") announced today that it has priced its offering of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2031 (the "Notes"). Axon also granted the…
Morgan County Citizen
PR NewswireAxon Announces Proposed Offering of $1.0 Billion of 0% Convertible Senior Notes
SCOTTSDALE, Ariz., Sept. 15, 2026 /PRNewswire/ -- Axon Enterprise, Inc. (Nasdaq: AXON) ("Axon") announced today that it intends to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of 0% convertible senior notes due 2031 (the "Notes")…
Axon’s $1 Billion 0% Note Has One Missing Number: the Conversion Price
Axon Enterprise can raise $1 billion without paying a regular coupon. Its shareholders do not yet know what that cheap capital could cost them. The public-safety technology company said Tuesday that it plans to sell $1 billion of 0% convertible senior notes due in 2031, with an option for underwriters to buy another $150 million.…
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