Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), today announced that it intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of Senior Secured Notes due 2026 (the “notes”) in a private offering (the “offering”). The notes will be fully and unconditionally guaranteed by each subsidiary of the Company, other than certain excluded subsidiaries. The closing of the offering is subject to market and other conditions; the interest rate, redemption provisions, and other material terms of the notes have not yet been determined. This offering bolsters the Company’s already-strong balance sheet and increases the Company’s financial flexibility (…) Read More »

Exit mobile version