Xero Limited (AU:XRO) has released an update.
Xero Limited has announced the attachment of an Offering Circular for a US$925 million senior unsecured convertible notes offering, due in 2031, issued by Xero Investments Limited with Xero’s guarantee. This offering targets global investors outside the United States, reinforcing Xero’s commitment to its smart tools for small businesses and its substantial ecosystem of connected apps and financial solutions. The notes are part of an offshore transaction, complying with Regulation S under the U.S. Securities Act, and are not registered in the U.S.
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