Atlassian Corp. Files 8-K for Material Definitive Agreement

TL;DR

Atlassian just signed a big deal, details TBD.

AI Summary

On May 8, 2024, Atlassian Corp. entered into a Material Definitive Agreement. The filing does not specify the nature of the agreement or any associated dollar amounts. The company is incorporated in Delaware and headquartered in San Francisco, California.

Why It Matters

This filing indicates a significant new agreement for Atlassian Corp., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but lacks specific details, creating uncertainty about its implications.

Key Players & Entities

• Atlassian Corp. (company) — Registrant
• May 8, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• San Francisco, California (location) — Principal Executive Offices
• 350 Bush Street (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.00001 — tered Class A Common Stock, par value $0.00001 per share TEAM Nasdaq Global Select M
• $500 million — ic offering (the " Notes Offering ") of $500 million aggregate principal amount of 5.250% se
• $500 million — notes due 2029 (the " 2029 Notes ") and $500 million aggregate principal amount of 5.500% se
• $1 billion — xisting credit facility providing for a $1 billion senior unsecured delayed-draw term loan

Filing Documents

• tm2411286d6_8k.htm (8-K) — 29KB
• tm2411286d6_ex1-1.htm (EX-1.1) — 237KB
• 0001104659-24-059414.txt ( ) — 489KB
• team-20240508.xsd (EX-101.SCH) — 3KB
• team-20240508_lab.xml (EX-101.LAB) — 33KB
• team-20240508_pre.xml (EX-101.PRE) — 22KB
• tm2411286d6_8k_htm.xml (XML) — 4KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On May 8, 2024, Atlassian Corporation (the " Company ") entered into an underwriting agreement (the " Underwriting Agreement ") with BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein (collectively, the " Underwriters "), providing for its underwritten public offering (the " Notes Offering ") of $500 million aggregate principal amount of 5.250% senior notes due 2029 (the " 2029 Notes ") and $500 million aggregate principal amount of 5.500% senior notes due 2034 (the " 2034 Notes ," and together with the 2029 Notes, the " Notes "). The Notes are being offered pursuant to an effective automatic shelf registration statement on Form S-3 (Registration No. 333-279132), a base prospectus, dated May 6, 2024, included as part of the registration statement, and a prospectus supplement, dated May 8, 2024, relating to the Notes filed with the Securities and Exchange Commission (the " SEC ") pursuant to Rule 424(b) under the Securities Act of 1933, as amended. The Company intends to use the proceeds from the Notes Offering to repay in full its existing credit facility providing for a $1 billion senior unsecured delayed-draw term loan and a $500 million senior unsecured revolving credit facility (the " Credit Facility "), and the Company may use any remaining proceeds for other general corporate purposes. The Underwriting Agreement contains customary representations, warranties and agreements of the Company and customary conditions to closing, indemnification rights and obligations of the parties. The Notes Offering is expected to close on May 15, 2024, subject to the satisfaction of customary closing conditions. Some of the Underwriters and their affiliates have engaged in, and may in the future engage in, various financial advisory, investment banking and other commercial dealings in the ordinary course of business with the Company

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement, dated as of May 8, 2024, between the Company and BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein. 104 Cover Page Interactive Data File (formatted as Inline XBRL).

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 hereunto duly authorized. Date: May 9, 2024 ATLASSIAN CORPORATION By: /s/ Joseph Binz Joseph Binz Chief Financial Officer