Dynatrace targets private placement of USD 1.25 billion exchangeable senior notes due 2031
DT•Proposed exchangeable senior notes offering
Dynatrace disclosed a proposed Rule 144A private placement of USD 1.25 billion exchangeable senior notes due 2031.
- Notes are exchangeable into cash, Dynatrace common stock, or a mix, at the issuer’s election.
- Up to USD 187.5 million of additional notes are available through an initial purchaser option.
- Up to about USD 200 million of proceeds are earmarked for privately negotiated repurchases of common stock from note purchasers.
- Exchangeable note hedge and warrant transactions are planned to manage dilution; net proceeds otherwise will be used for general corporate purposes.
