April 4, 2018 / 8:15 PM / 19 days ago

BRIEF-Pure Storage Announces Proposed Private Offering Of $450 Mln Of Convertible Senior Notes

April 4 (Reuters) - Pure Storage Inc:

* PURE STORAGE ANNOUNCES PROPOSED PRIVATE OFFERING OF $450 MILLION OF CONVERTIBLE SENIOR NOTES

* INTENDS TO OFFER $450 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2023 IN A PRIVATE PLACEMENT

* INTENDS TO USE A PORTION OF NET PROCEEDS OF OFFERING TO PAY COST OF CAPPED CALL TRANSACTIONS

* INTENDS TO USE PORTION OF NET PROCEEDS TO REPURCHASE UP TO $20 MILLION OF SHARES OF ITS CLASS A COMMON STOCK Source text for Eikon: Further company coverage:

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