PagerDuty Announces Proposed Private Placement Of $350 Million Of Convertible Senior Notes
Portfolio Pulse from Bill Haddad
PagerDuty, Inc. (NYSE: PD) has announced a proposed private placement of $350 million of convertible senior notes due 2026. The initial purchasers will have a 13-day option to purchase up to an additional $52.5 million of notes.
October 09, 2023 | 8:06 pm
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PagerDuty's proposed private placement of $350 million of convertible senior notes could potentially increase the company's liquidity and financial flexibility.
The proposed private placement of convertible senior notes by PagerDuty could potentially increase the company's liquidity and financial flexibility. This could be seen as a positive move by investors, potentially leading to a short-term increase in the company's stock price.
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