Axon Enterprise announced a proposed $1.0 billion offering of 0% convertible senior notes due September 2031, with an option for underwriters to purchase up to an additional $150 million in over-allotments. The company entered into a second amendment to its credit agreement, increasing the revolving facility from $300 million to $500 million and extending the maturity date to five years from closing. Net proceeds will fund capped call transactions and general corporate purposes, including potential acquisitions. Axon Enterprise operates in the public safety technology industry, providing TASER devices, body-worn cameras, drones, and software solutions for law enforcement and security.
