Alarm.com Prices Upsized Offering Of $425M 2.25% Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Alarm.com has increased the size of its offering of 2.25% convertible senior notes due 2029 from $375 million to $425 million, with an option for initial purchasers to buy additional notes, potentially raising the total to $500 million.
May 29, 2024 | 5:10 am
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Alarm.com has increased its offering of 2.25% convertible senior notes due 2029 from $375 million to $425 million, with an option to raise up to $500 million. This move indicates strong demand and could provide the company with additional capital for growth.
The upsizing of the convertible notes offering suggests strong investor demand and provides Alarm.com with additional capital, which could be used for growth initiatives. This is likely to be viewed positively by the market.
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