secwatch.observer — SEC 8-K summary
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Issuer:     Alarm.com Holdings, Inc. (ALRM)
CIK:        0001459200
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001104659-24-067141
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1459200/000110465924067141/0001104659-24-067141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1459200/000110465924067141/tm2416021d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-067141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer