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Commvault Announces Pricing of Upsized Convertible Senior Notes Offering
- Commvault announced the pricing of its private offering of $785.0 million aggregate principal amount of 0% Convertible Senior Notes due 2030.
- The offering size increased from the previously announced $750.0 million aggregate principal amount of Notes.
- Commvault estimates that the net proceeds from the offering will be approximately $767.3 million.
65 Articles
65 Articles
The Conway Daily Sun
Commvault Announces Pricing of Upsized Convertible Senior Notes Offering
Opportunistic capital raise with proceeds used to enhance strategic flexibilityA portion of the proceeds to be used to purchase capped calls to offset any share dilution up to a 100% premium to the last reported sale price of Commvault's common…
Commvault Announces Convertible Senior Notes Offering
Summary: Opportunistic capital raise with proceeds used to enhance strategic flexibility A portion of the proceeds to be used to purchase capped calls intended to offset any share dilution until at least a targeted 100% premium to the last reported sale price of Commvault’s common stock on the date of pricing Commvault Systems, Inc. announced […] The post Commvault Announces Convertible Senior Notes Offering appeared first on StorageNewsletter.
$785M Zero-Coupon Notes: Commvault Secures Major Financing with 100% Share Dilution Protection via Capped Calls
Data management firm Commvault prices $785M convertible notes at 0% interest, due 2030. Includes $86.9M capped call protection and $117.7M share buyback. Initial conversion price set at $236.88, 32.5% premium.
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