Alarm.com closes $500M 2.25% convertible notes due 2029; repurchases $75M stock

Alarm.com Holdings, Inc.

Issued $500M aggregate principal of 2.25% Convertible Senior Notes due June 1, 2029, including full greenshoe.
Net proceeds ~$485.1M; ~$63.1M used for capped call transactions, ~$75M to repurchase 1.117M shares at $67.14.
Initial conversion price ~$87.28/share (30% premium to May 28 close); capped call cap at $134.28/share.
Board authorized new $100M stock repurchase program through May 2026, replacing prior program.
Interest payable semiannually; notes redeemable after June 7, 2027 under certain conditions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.