Bentley Systems expands repurchase program to include convertible notes, amends credit facility

BENTLEY SYSTEMS INC

Board amended BSY Stock Repurchase Program to allow repurchase of convertible senior notes due 2026/2027; $200M limit unchanged.
Fifth Amendment to credit facility permits up to $75M/year in restricted prepayments/repurchases of subordinated/convertible debt.
Unlimited debt repurchases allowed if Net Senior Secured Leverage Ratio is below 2.75 to 1.00.
Approves retirement vesting policy for equity awards (age+service >=75) applicable to awards held by Gus Bergsma and future awards.

item 1.01 item 8.01 item 2.03 item 5.02 item 9.01

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