Splunk Inc

-0.18 (-0.13%)
Debt Financing / Related, Share Repurchases

Splunk Announces $1 Billion Investment From Silver Lake

Published: 06/22/2021 12:41 GMT
Splunk Inc (SPLK) - Splunk Announces $1 Billion Investment From Silver Lake.
Expects to Use Proceeds From New Investment to Fund Growth Initiatives and Manage Its Capital Structure.
Ken Hao, Silver Lake's Chairman and Managing Partner, to Join Splunk's Board of Directors.
With Hao's Appointment, Splunk's Board Will Comprise 11 Members, 10 of Whom Are Independent.
Splunk - Silver Lake to Purchase $1 Billion of Co's Convertible Senior Notes; Notes to Have Initial Conversion Price of $160per Share of Co's Common Stock.
In Connection With This Transaction, Splunk's Board Has Authorized Repurchase of Up to $1 Billion of Its Common Shares in Open Market.