Datadog ( NASDAQ: DDOG) plans to offer $775M aggregate principal amount of Convertible Senior Notes due 2029 in a private placement.

(Nasdaq: DDOG) ("Datadog"), the monitoring and security platform for cloud applications, today announced that it intends to offer, subject to market conditions and other factors, $775 million aggregate principal amount of Convertible Senior Notes due 2029 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933,

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Datadog estimates that the net proceeds from the offering will be approximately $851.6 million (or approximately $979.0 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discount and commissions and estimated offering expenses payable by Datadog.