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Business / Stock Market

Verint Systems Raises $275M Via Upsized Private Institutional Convertible Debt

Published Apr 07 2021 at 12:21 PM GMT
Benzinga

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  • Verint Systems Inc (NASDAQ: VRNT) has agreed to sell $275 million 0 25% convertible senior notes due 2026 in an upsized private institutional placement to raise $267 million in gross proceeds.
  • The offering was upsized from the previous $250 million.
  • The initial conversion price of $62.08 represents a 32.
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  • Published Apr 7, 2021 12:21 PM GMT