Benzinga | Oct 25, 2021 04:01PM EDT

Roblox Seeks To Raise $1B Via Institutional Senior Note Offering

* Online entertainment platform Roblox Corp (NYSE:RBLX) aims to offer $1.0 billion senior unsecured notes via institutional offering.

* Roblox will utilize the offering proceeds for general corporate purposes.

* Roblox is yet to determine the interest rate, redemption provisions, maturity date, and other terms of the notes.

* Related Content: Why Roblox Shares Are Rising

* Price Action: RBLX shares closed lower by 0.89% at $83.23 on Monday.