Progress Software Raises $316.1M Via Upsized Convertible Debt Offering
Progress Software Corp (NASDAQ: PRGS ) priced $325 million 1% Convertible Senior Notes due 2026 to raise $316.1 million in an upsized private institutional offering . The offering was upsized from the previous $300 million. The note purchasers have a 13-day option to purchase additional notes up to $50 million. The notes will accrue an annual interest of 1%, payable semi-annually on Apr. 15 and Oct. 15, … Full story available on Benzinga.com
Progress Software Raises $316.1M Via Upsized Convertible Debt Offering
Progress Software Corp (NASDAQ: PRGS ) priced $325 million 1% Convertible Senior Notes due 2026 to raise $316.1 million in an upsized private institutional offering . The offering was upsized from the previous $300 million. The note purchasers have a 13-day option to purchase additional notes up to $50 million. The notes will accrue an annual interest of 1%, payable semi-annually on Apr. 15 and Oct. 15, … Full story available on Benzinga.com