Cornerstone OnDemand (CSOD) Announces $220M Conv Notes Offering

Cornerstone OnDemand Inc. (NASDAQ: CSOD) today announced its intention to offer, subject to market and other conditions, $220 million aggregate principal amount of convertible senior notes due 2018 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Cornerstone also expects to grant the initial purchasers of the notes an option to purchase up to an additional $33 million aggregate principal amount of the notes to cover overallotments.

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