---
schema_version: "secwatch.filing_event.v1"
accession: "0001013857-23-000066"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T01:32:24.040571+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pegasystems repurchases $33M of convertible notes at 9.75% discount

## Summary
- Repurchased $33.0M principal of 0.75% convertible notes due 2025 at $90.25 per $100 principal plus accrued interest.
- Remaining $567M principal of notes outstanding after the transaction.
- Company may pursue additional repurchases or exchanges, depending on market conditions and liquidity.

## SEC filing metadata
- accession: 0001013857-23-000066
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000066/0001013857-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000101385723000066/pega-20230315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013857-23-000066
- JSON: https://secwatch.observer/filing/0001013857-23-000066.json
- Plain text: https://secwatch.observer/filing/0001013857-23-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.