Varonis Systems Intends To Offer $350M Of Convertible Senior Notes Due 2029 In Private Offering
Portfolio Pulse from Benzinga Newsdesk
Varonis Systems plans to offer $350 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for corporate purposes.
September 05, 2024 | 11:22 am
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Varonis Systems is issuing $350 million in convertible senior notes due 2029, which could be used for general corporate purposes. This may affect the company's capital structure and stock price.
The issuance of convertible notes can affect the stock price depending on how the market perceives the use of funds and potential dilution. However, the exact impact will depend on the terms of the notes and the company's future performance.
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