Dynatrace priced a private placement of **USD 1.25 billion** **0.00% Exchangeable Senior Notes due 2031** under Rule 144A. * The notes initially exchange into **15.5585 shares per USD 1,000**, implying an exchange price of **USD 64.27**, a **35% premium**. * Net proceeds are expected at about **USD 1.23 billion**, with settlement slated for **Aug. 20, 2026**. * About **USD 134.7 million** is earmarked to repurchase **2,830,000 shares** at **USD 47.61** in privately negotiated concurrent share repurchases. * Remaining proceeds are targeted for general corporate purposes, with **USD 145.9 million** allocated to exchangeable note hedge transactions.
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