Cerence (CRNC) Prices $190M Notes Offering
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Cerence Inc. Prices Offering of $190 Million 1.50% Convertible Senior Notes due 2028
June 22, 2023 6:30 AM EDTBURLINGTON, Mass., June 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today the pricing of $190.0 million aggregate principal amount of 1.50% convertible senior notes due 2028 (the notes) in a private offering (the offering) 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). In connection with the offering, Cerence granted the initial purchasers an option to purchase up to an additional $20.0 million aggregate principal amount of notes. The sale of the notes to the... More
