Atlassian Corporation Issues $500 Million Aggregate Principal Amount of 5.250% Senior Notes Due 2029 and $500 Million Aggregate Principal Amount of 5.500% Senior Notes Due 2034
May 15, 2024 at 05:26 pm EDT
Share
On May 15, 2024, Atlassian Corporation issued $500 million aggregate principal amount of 5.250% senior notes due 2029 (the ?2029 Notes?) and $500 million aggregate principal amount of 5.500% senior notes due 2034 (the ?2034 Notes,? and together with the 2029 Notes, the ?Notes?). The Notes were offered and sold pursuant to a prospectus, dated May 6, 2024, forming a part of the Company?s shelf registration statement on Form S-3 (Registration No.
333-279132), and a prospectus supplement, dated May 8, 2024, relating to the Notes. The Notes were issued under an indenture, dated as of May 15, 2024 (the ?Base Indenture?), as supplemented by the first supplemental indenture, dated as of May 15, 2024, with respect to the Notes (the ?Supplemental Indenture? and, together with the Base Indenture, the ?Indenture?), each between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee.
The Indenture and the forms of the Notes provide, among other things, that the Notes are senior unsecured obligations of the Company. The 2029 Notes bear interest at a rate of 5.250% per year. Interest on the 2029 Notes is payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024.
The 2034 Notes bear interest at a rate of 5.500% per year. Interest on the 2034 Notes is payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024. The Indenture contains covenants limiting the Company?s ability to create certain liens and enter into certain sale and leaseback transactions.
These covenants are subject to important limitations and exceptions as set out in the Indenture.
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.
Atlassian Corporation Issues $500 Million Aggregate Principal Amount of 5.250% Senior Notes Due 2029 and $500 Million Aggregate Principal Amount of 5.500% Senior Notes Due 2034