Dynatrace plans private placement of $1.25 billion exchangeable senior notes due 2031
DT•Dynatrace plans private placement of exchangeable senior notes
Dynatrace announced a proposed private placement of $1.25 billion exchangeable senior notes due 2031.
- Initial purchasers have an option to buy up to an additional $187.5 million of notes, which would bring potential issuance to $1.44 billion.
- Proceeds are earmarked for exchangeable note hedge costs, partly offset by warrant sale proceeds, with the remaining funds to be used for general corporate purposes.
- Up to about $200 million is expected to fund privately negotiated concurrent share repurchases with certain note purchasers.
