PagerDuty Prices $350M Of 1.50% Convertible Senior Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
PagerDuty has priced $350 million of 1.50% Convertible Senior Notes due 2028 in a private placement to qualified institutional buyers. The company also granted the initial purchasers an option to buy up to an additional $52.5 million principal amount of notes. The sale is expected to close on October 13, 2023.
October 11, 2023 | 7:03 am
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PagerDuty's pricing of $350 million of 1.50% Convertible Senior Notes could potentially increase the company's liquidity and financial flexibility. The sale is expected to close on October 13, 2023.
The pricing of the Convertible Senior Notes could potentially increase PagerDuty's liquidity and financial flexibility, which could be beneficial for the company's stock in the short term. However, the impact will depend on the market's perception of the company's use of the proceeds and its overall financial health.
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