Xero has announced that they are borrowing $US300 million in convertible notes.
Announcement is here: https://www.asx.com.au/asxpdf/201809...0pghpr9bq4.pdf
I've got no idea what the announcement actually means. There is lots of talk about call options, delta placement and other terms. Maybe convertible note issues are always a little indecipherable.
I wouldn't be surprised if there are going to be some acquisitions announced soon because why else would they want USD300m?