Verint Systems (VRNT) Prices $275M Convertible Senior Notes Offering

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Go back to Verint Systems (VRNT) Prices $275M Convertible Senior Notes Offering

Verint Announces Upsize and Pricing of Offering of Convertible Senior Notes

April 6, 2021 11:05 PM EDT

MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint® Systems Inc. (NASDAQ: VRNT) today announced that it has agreed to sell $275 million aggregate principal amount of its 0.25% convertible senior notes due 2026 (or up to $315 million in aggregate principal amount if the initial purchasers exercise their option to purchase additional notes in full) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The aggregate principal amount of the offering was increased from the previously announced offering size of $250 million (or $287.5 million if... More