Blackline, Inc. Files 8-K: Material Agreement and Equity Sales
Ticker: BL · Form: 8-K · Filed: May 24, 2024 · CIK: 1666134
| Field | Detail |
|---|---|
| Company | Blackline, Inc. (BL) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $0, $600 million, $90 million, $588.3 million, $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, financial-obligation
TL;DR
Blackline signed a new deal, sold some stock, and has other news. Details to come.
AI Summary
On May 21, 2024, Blackline, Inc. entered into a material definitive agreement related to a financial obligation. The company also reported on unregistered sales of equity securities and other events. Specific details regarding the agreement and financial obligations were not fully disclosed in this initial filing.
Why It Matters
This filing indicates potential new financial commitments or changes in the company's capital structure, which could impact its financial health and investor outlook.
Risk Assessment
Risk Level: medium — The filing mentions material definitive agreements and financial obligations, which inherently carry risk, but lacks specific details to fully assess the impact.
Key Players & Entities
- BLACKLINE, INC. (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- 001-37924 (other) — Commission File Number
- 46-3354276 (other) — I.R.S. Employer Identification Number
- 21300 Victory Boulevard (location) — Address of principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Blackline, Inc. on May 21, 2024?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but specific details are not provided in this report.
What type of financial obligation was created?
The filing states the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', but does not specify the exact nature or terms.
Were there any unregistered sales of equity securities?
Yes, the filing explicitly lists 'Unregistered Sales of Equity Securities' as an item of information.
What other events are reported in this 8-K filing?
Besides the material agreement and equity sales, the filing also reports on 'Other Events' and 'Financial Statements and Exhibits'.
When was this 8-K filing submitted?
The filing was submitted on May 24, 2024, with the earliest event reported on May 21, 2024.
Filing Stats: 2,701 words · 11 min read · ~9 pages · Grade level 12.7 · Accepted 2024-05-24 16:02:03
Key Financial Figures
- $0 — nge on which registered Common Stock, $0.01, par value BL The Nasdaq Global
- $600 million — "Initial Purchaser"), to issue and sell $600 million aggregate principal amount of 1.00% Con
- $90 million — were first issued, up to an additional $90 million aggregate principal amount of Notes on
- $588.3 million — ons. The Company received approximately $588.3 million in net proceeds from the sale of the No
- $0.01 — f the Company's common stock, par value $0.01 per share ("Common Stock"), per $1,000
- $1,000 — e $0.01 per share ("Common Stock"), per $1,000 principal amount of Notes (which is equ
- $68.47 — itial conversion price of approximately $68.47 per share). The conversion rate will be
- $60.0 million — tedness for money borrowed in excess of $60.0 million (or its foreign currency equivalent) in
- $92.17 — ave initial cap prices of approximately $92.17 per share. The Capped Calls cover, subj
- $53.1 million — p price. The Company used approximately $53.1 million from the net proceeds from the issuance
- $500 million — lease announcing its intention to offer $500 million aggregate principal amount of convertib
Filing Documents
- d650725d8k.htm (8-K) — 45KB
- d650725dex41.htm (EX-4.1) — 572KB
- d650725dex101.htm (EX-10.1) — 148KB
- d650725dex102.htm (EX-10.2) — 162KB
- d650725dex991.htm (EX-99.1) — 11KB
- d650725dex992.htm (EX-99.2) — 13KB
- g650725g0524084410224.jpg (GRAPHIC) — 2KB
- g650725g0524084410607.jpg (GRAPHIC) — 2KB
- g650725g0524084410901.jpg (GRAPHIC) — 2KB
- g650725g0524084411212.jpg (GRAPHIC) — 2KB
- g650725g0524084411503.jpg (GRAPHIC) — 2KB
- g650725g0524084411801.jpg (GRAPHIC) — 3KB
- 0001193125-24-147012.txt ( ) — 1314KB
- bl-20240521.xsd (EX-101.SCH) — 3KB
- bl-20240521_lab.xml (EX-101.LAB) — 18KB
- bl-20240521_pre.xml (EX-101.PRE) — 11KB
- d650725d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Indenture, dated May 24, 2024, between BlackLine, Inc. and U.S. Bank Trust Company, National Association. 4.2 Form of 1.00% Convertible Senior Note due 2029 (included in Exhibit 4.1). 10.1 Purchase Agreement, dated May 21, 2024, by and among BlackLine, Inc. and Morgan Stanley & Co. LLC. 10.2 Form of Capped Call Confirmation. 99.1 Press Release, dated May 21, 2024. 99.2 Press Release, dated May 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BLACKLINE, INC. Date: May 24, 2024 By: /s/ Mark Partin Mark Partin Chief Financial Officer