Reported Earlier, Guidewire Software Prices Upsized $600M 1.25% Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Guidewire Software has increased its convertible senior notes offering to $600 million from the previously announced $500 million. The notes, due in 2029, will accrue interest at 1.25% per annum and are scheduled to settle on October 18, 2024.
October 16, 2024 | 5:31 am
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Guidewire Software has increased its convertible senior notes offering to $600 million, indicating strong demand or strategic financial planning. The notes will accrue interest at 1.25% and mature in 2029.
The increase in the offering size from $500M to $600M suggests strong demand or strategic financial planning by Guidewire. This could be seen positively by investors as it may indicate confidence in the company's future performance. The low interest rate of 1.25% is also favorable for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100