Varonis Systems dips on plans to offer $350M convertible debt [Seeking Alpha]
Varonis Systems, Inc. (VRNS)
Last varonis systems, inc. earnings: 2/10 04:05 pm
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US:NASDAQ Investor Relations:
ir.varonis.com
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Source: Seeking Alpha
The company expects to grant to the initial purchasers of the notes a 13-day option to purchase up to an additional $52.5M of the notes. The notes will be unsecured senior obligations of the company and mature on September 15, 2029, unless earlier converted, redeemed, or repurchased. Interest will be payable semiannually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025. Net proceeds from the offering will be used for working capital and general corporate purposes. A portion of the proceeds may be used to acquire or make investments in businesses, products, offerings, and technologies. In connection with the pricing of the notes, the company plans to enter into capped call transactions, with one or more of the initial purchasers, that are expected generally to reduce the potential dilution to its common stock upon any conversion of the notes. Shares of Varonis Systems ( VRNS ) fell premarket on Thursday. Recommended For You Recommended For
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VRNS
News
- 2 Top-Ranked Stocks to Buy From the Prospering Security Industry [Yahoo! Finance]Yahoo! Finance
- Varonis Expands Salesforce Security Offering With New Automated Remediation CapabilitiesGlobeNewswire
- Varonis Systems, Inc. Announces Pricing of its Upsized $400 Million of Convertible Senior NotesGlobeNewswire
- Varonis Systems, Inc. Announces Proposed Offering of $350 Million of Convertible Senior Notes [Yahoo! Finance]Yahoo! Finance
- Varonis Systems, Inc. Announces Proposed Offering of $350 Million of Convertible Senior NotesGlobeNewswire
VRNS
Earnings
- 7/29/24 - Beat
VRNS
Sec Filings
- 9/10/24 - Form 8-K
- 8/8/24 - Form 4
- 8/6/24 - Form 144
- VRNS's page on the SEC website