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

PCOR•2026-08-06

Use of proceeds

Proceeds are earmarked for the DroneDeploy acquisition, capped call costs, up to USD 175 million of share repurchases, and general corporate purposes.

Procore launches convertible senior notes offering

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

The deal includes an initial purchaser option for up to an additional USD 112.5 million of notes.

Sources

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

Sec

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

Use of proceeds

Procore launches convertible senior notes offering

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Sources

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

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