ROTH Capital Partners acts as Co-Manager
for Five9, Inc. (NASDAQ: FIVN) in its
$747.5 Million Convertible Senior Notes Offering

   

For more information please contact:
 
Investment Banking

David Enzer
Managing Director
(310) 445-5868
denzer@roth.com
 
Robert Reid
Vice President
(949) 720-7146
rreid@roth.com
 
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, has closed on $747.5 million aggregate principal amount of 0.500% Convertible Senior Notes due 2025 (after exercise of the over-allotment option) in a transaction pursuant to Rule 144A under the Securities Act of 1933 (the Act).

The notes will be senior, unsecured obligations of Five9, and interest will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2020. The notes will mature on June 1, 2025, unless earlier converted, redeemed or repurchased. Five9 may not redeem the notes prior to June 6, 2023; on or after June 6, 2023 and prior to March 1, 2025, Five9 may redeem the notes, at its option and subject to certain conditions, as detailed below. The initial conversion rate for the notes is 7.4437 shares of common stock per $1,000 principal amount of notes (an initial conversion price of approximately $134.34 per share). The initial conversion price represents a premium of approximately 30.0% to the $103.34 per share closing price of Five9s common stock on the Nasdaq Global Market on May 21, 2020.

Five9 expects to (i) use approximately $181.0 million of net proceeds of the offering and (ii) issue an aggregate of 2,723,582 shares of Five9s common stock to repurchase or exchange $181.0 million aggregate principal amount of its outstanding 0.125% Convertible Senior Notes due 2023. Five9 also expects to use approximately $78.7 million of the net proceeds of the offering to pay the cost of capped call transactions. The remainder of the net proceeds from the offering would be used for working capital and other general corporate purposes.

ROTH Capital Partners acted as a co-manager for the offering.

About Five9, Inc.
Five9 is a leading provider of cloud contact center software for the intelligent contact center space, bringing the power of cloud innovation to customers and facilitating more than six billion call minutes annually. Five9 provides end-to-end solutions with omnichannel routing, analytics, WFO and AI to increase agent productivity and deliver tangible business results. The Five9 Genius platform is reliable, secure, compliant and scalable; designed to create exceptional personalized customer experiences. For more information, please visit www.five9.com. (Source: Company Press Release | 05.22.20)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 06.09.20

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2020.