Wix.com Ltd. Closes $1B Convertible Notes Offering
Ticker: WIX · Form: 6-K · Filed: 2025-09-11T00:00:00.000Z
Sentiment: neutral
Topics: debt-offering, convertible-notes, financing
Related Tickers: WIX
TL;DR
WIX just closed a $1 BILLION convertible note offering due 2030.
AI Summary
On September 11, 2025, Wix.com Ltd. completed a private offering of $1,000,000,000 in 0.00% Convertible Senior Notes due 2030. This offering was made to qualified institutional buyers under Rule 144A of the Securities Act.
Why It Matters
This significant debt issuance provides Wix with capital, potentially for expansion or operational needs, while offering investors convertible securities.
Risk Assessment
Risk Level: medium — The company is issuing a substantial amount of debt, which carries inherent financial risks and obligations.
Key Numbers
- $1.0B — Convertible Senior Notes (Principal amount raised in the offering)
Key Players & Entities
- Wix.com Ltd. (company) — Issuer of the convertible notes
- 0.00% Convertible Senior Notes due 2030 (dollar_amount) — The financial instrument offered
- $1,000,000,000 (dollar_amount) — Principal amount of the notes
- September 11, 2025 (date) — Closing date of the offering
- Rule 144A (legal_document) — Regulation under which the offering was made
FAQ
What is the interest rate on the new convertible notes?
The notes carry a 0.00% interest rate.
When did Wix.com Ltd. close this offering?
The offering was closed on September 11, 2025.
What is the maturity date of these convertible notes?
The notes are due in 2030.
Who was the target audience for this private offering?
The offering was made to qualified institutional buyers.
Under which regulation was this offering conducted?
The offering was conducted pursuant to Rule 144A under the Securities Act.
From the Filing
0001628280-25-041943.txt : 20250911 0001628280-25-041943.hdr.sgml : 20250911 20250911170441 ACCESSION NUMBER: 0001628280-25-041943 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20250911 FILED AS OF DATE: 20250911 DATE AS OF CHANGE: 20250911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wix.com Ltd. CENTRAL INDEX KEY: 0001576789 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology EIN: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36158 FILM NUMBER: 251309233 BUSINESS ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV PROVINCE COUNTRY: L3 BUSINESS PHONE: 97235454900 MAIL ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV PROVINCE COUNTRY: L3 FORMER COMPANY: FORMER CONFORMED NAME: Wixpress Ltd. DATE OF NAME CHANGE: 20130513 6-K 1 closingconvertible-6xk.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of September 2025 Commission File Number: 001-36158 Wix.com Ltd. (Translation of registrant’s name into English) 5 Yunitsman St., Tel Aviv, Israel, 6936025 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ EXPLANATORY NOTE On September 11, 2025, Wix.com Ltd. (NASDAQ:WIX) (the “Company”) closed the previously announced offering of $1,000,000,000 principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), including $150,000,000 of Additional Convertible Notes (as defined below) pursuant to the 13-day option of the Initial Purchasers (as defined below), resulting in a total principal amount of $1,150,000,000. PURCHASE AGREEMENT On September 8, 2025, the Company entered into a purchase agreement (the “Purchase Agreement”) with the initial purchasers party thereto (collectively the “Initial Purchasers”), pursuant to which the Company agreed to sell $1,000,000,000 aggregate principal amount of its 0.00% Convertible Senior Notes due 2030 (the “Initial Convertible Notes”) in a private placement pursuant to Rule 144A under the Securities Act. The Company also agreed to grant a 13-day option to the Initial Purchasers to purchase all or part of an additional $150,000,000 aggregate principal amount of its 0.00% Convertible Senior Notes due 2030 (the “Additional Convertible Notes”), which the Initial Purchasers exercised in full on September 9, 2025. The Initial Convertible Notes, together with the Additional Convertible Notes, are referred to herein as the “Convertible Notes.” The Purchase Agreement includes customary representations, warranties and covenants. Under the terms of the Purchase Agreement, the Company has agreed to indemnify the Initial Purchasers against certain liabilities and contribute to payments which the Initial Purchasers may be required to make in respect of any such liabilities. INDENTURE The sale of the Convertible Notes closed on September 11, 2025. The Convertible Notes were issued pursuant to an indenture, dated September 11, 2025 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete. However, special interest, if any, may accrue on the Convertible Notes upon the occurrence of certain