Dynatrace prices USD 1.25 billion exchangeable senior notes offering - DT News | RalliesDynatrace prices USD 1.25 billion exchangeable senior notes offering
D
DT• Dynatrace prices exchangeable senior notes offering
- Dynatrace priced a private placement of USD 1.25 billion 0.00% Exchangeable Senior Notes due 2031.
- Initial purchasers hold an option for up to USD 187.5 million additional notes, with settlement expected Aug. 20, 2026.
- Notes are exchangeable at 15.5585 shares per USD 1,000 principal, implying an initial exchange price of about USD 64.27.
- Net proceeds are estimated at about USD 1.23 billion, earmarked for hedging costs, share repurchases, and general corporate purposes.
- The issuer cannot redeem before Sept. 6, 2029, except for a cleanup redemption; maturity is set for Sept. 1, 2031.
ENTG
•
