S&P Raises Verint Systems (VRNT) to 'BB'; Notes Reduced Debt, Leverage
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Verint Systems (VRNT) Closes 5.75M Common Stock, $400M Conv. Notes Offering
June 18, 2014 4:19 PM EDTVerint Systems (Nasdaq: VRNT) announced the closing of its concurrent public offerings of 5,750,000 shares of its common stock (including 750,000 shares issued to the underwriters in that offering pursuant to the exercise in full of their option to purchase additional shares on June 13, 2014) and $400 million aggregate principal amount of its 1.50% convertible senior notes due 2021 (including $50 million aggregate principal amount of notes issued to the underwriters in that offering pursuant to the exercise in full of their option to purchase additional notes on June 13, 2014).
We are pleased to have successfully completed our concurrent offerings.... More
