Skillz Announces Private Offering of $300 Million of Senior Secured Notes

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Dec 09, 2021

Skillz+Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), today announced that it intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of Senior Secured Notes due 2026 (the “notes”) in a private offering (the “offering”). The notes will be fully and unconditionally guaranteed by each subsidiary of the Company, other than certain excluded subsidiaries. The closing of the offering is subject to market and other conditions; the interest rate, redemption provisions, and other material terms of the notes have not yet been determined.