Progress Software Corporation (PRGS) Announces Proposed Convertible Senior Notes Offering

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Progress Software Announces Proposed Convertible Senior Notes Offering

April 7, 2021 5:15 PM EDT

BEDFORD, Mass., April 07, 2021 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (Progress) today announced that it intends to offer, subject to market and other conditions, $300.0 million aggregate principal amount of Convertible Senior Notes due 2026 (the Notes), to be sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Progress also... More