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

Published Apr 07 2021 at 12:21 PM GMT
Key
Points
  • 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.
  • 5% premium on the Apr.
  • 6 closing price of $46.




Stats

  • Published Apr 7, 2021 12:21 PM GMT