Dynatrace, Inc. (DT) Form 8-K — Aug 20, 2026
On August 20, 2026, Dynatrace LLC, an indirect wholly owned subsidiary of Dynatrace, Inc., issued $1.4375 billion of 0.00% Exchangeable Senior Notes due September 1, 2031, including $187.5 million from the full exercise of the initial purchasers' option, generating net proceeds of approximately $1.411 billion. The notes are senior unsecured obligations of the subsidiary, fully and unconditionally guaranteed by Dynatrace, Inc., and were sold to qualified institutional buyers under Rule 144A.
Key figures
- Debt Amount
- 1437500000
- Interest Rate
- 0
- Maturity Date
- September 1, 2031
- Gross Proceeds
- 1437500000
- Hedge Cost
- approximately $167.8 million (net of warrant sale proceeds)
- Net Proceeds
- approximately $1.411 billion
- Warrant Premium
- 125.0% to the August 17, 2026 close
- Exchange Premium
- 35.0% to the $47.61 August 17, 2026 close
- Hedge Strike Price
- 64.2735
- Shares Repurchased
- approximately 2.83 million
- Warrant Strike Price
- 107.1225
- Initial Exchange Rate
- 15.5585 shares per $1,000 principal
- Share Repurchase Value
- approximately $134.7 million
- Max Shares Upon Exchange
- 30193106
- Shares Underlying Notes
- approximately 22.4 million
- Initial Purchasers Option
- $187.5 million (fully exercised)
- Repurchase Price Per Share
- 47.61
- Cleanup Redemption Threshold
- $100 million remaining principal
- Optional Redemption Condition
- stock at least 130% of exchange price for 20 trading days within 30 consecutive trading days
- Initial Exchange Price Per Share
- approximately $64.27
- Max Shares Upon Warrant Exercise
- 44730688
- Optional Redemption Earliest Date
- September 6, 2029
Price after filing
Close on the filing date to close N calendar days later (from $49.18). Historical, not a forecast.
AI analysis
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