Zero-Coupon News & Analysis

Axon (AXON) Prices $1B Zero-Coupon Notes Due September 2031

On September 16, Axon Enterprise, Inc. (NASDAQ: AXON) priced $1 billion of 0% convertible senior notes maturing on September 15, 2031. Underwriters may purchase an additional $150 million to cover over-allotments. After underwriting discounts and estimated expenses, Axon expects to receive approximately $886.1 million for corporate purposes, including potential acquisitions. The financing preserves cash by eliminating regular interest payments, which can assist in funding investments until new products generate returns. This approach provides Axon flexibility in managing its capital and liquidity as it plans for future growth.