Verint Systems Raises $275M Via Upsized Private Institutional Convertible Debt
Published
Apr 07 2021 at 12:21 PM GMT
Key
Points
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