Avalara nabs nearly $1B in debt securities to fuel growing tax compliance software business
GeekWire
AUGUST 17, 2021
Seattle-based Avalara is getting a large cash infusion as its business continues to benefit from the e-commerce boom and increasing regulatory obligations. Avalara said last week that it added $959.9 million to its cash balance after issuing short-term debt in the form of convertible senior notes, according to a filing.
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