Avalara IPO

6/14/2018

IPO

$180,000,000

We intend to use the net proceeds that we receive from this offering for general corporate purposes, which we currently expect will include headcount expansion, continued investment in our sales and marketing efforts, product development, general and administrative matters, and working capital. We also intend to use a portion of the net proceeds from this offering to repay the outstanding balance under our revolving credit facility. As of March 31, 2018, we had $28.0 million outstanding under our revolving credit facility bearing interest at an annual rate of 6.50%. On May 29, 2018, we borrowed an additional $5.0 million under our revolving credit facility. The revolving credit facility must be repaid in November 2019. We borrowed approximately $26.0 million under the revolving credit facility in the twelve months ended March 31, 2018 and used the proceeds from such borrowings, as well as the additional borrowing on May 29, 2018, for general corporate purposes, including working capita

Publicly-held

Software

1100 2nd Ave. 300
Seattle, WA 98101
USA

Avalara (NYSE: AVLR) is software for automated tax compliance. Whether you are selling online, starting a new business, or need help filing internationally Avalara can help.