Dynatrace Announces Pricing of Private Placement of $1.25 Billion of Exchangeable Senior Notes
Dynatrace priced a $1.25 billion private placement of 0.00% exchangeable senior notes due 2031, with an option for initial purchasers to buy an additional $187.5 million. The notes are exchangeable at an initial price of $64.27 per share, representing a 35% premium to the August 17 closing price of $47.61, and will be used to fund hedge transactions and repurchase 2.83 million shares concurrently.
Key figures
- Deal Value Usd
- $1.25 billion
- Coupon
- 0.00%
- Net proceeds
- $1,227 million
- Exchange price
- $64.27
- Exchange premium
- 35.0%
- Greenshoe amount
- $187.5 million
- Warrant strike price
- $107.12
- Warrant strike premium
- 125.0%
- Concurrent repurchase amount
- $134.7 million
- Concurrent repurchase shares
- 2.83 million
AI analysis
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