Procore plans private placement of USD 750 million convertible senior notes due 2031

PCOR•2026-08-03

Procore announces convertible notes offering

Procore launched a private placement of USD 750 million of Convertible Senior Notes due 2031, with an option for USD 112.5 million more.

Total potential issuance size is USD 862.5 million, offered to qualified institutional buyers under Rule 144A.

Proceeds are earmarked to help fund the DroneDeploy acquisition, pay capped call costs, repurchase up to USD 175 million of stock, and for general corporate purposes.

The notes are senior unsecured, pay semiannual interest, and conversion will be settled in cash up to principal.

Procore plans private placement of USD 750 million convertible senior notes due 2031

Procore announces convertible notes offering

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