Commvault announces $750M convertible senior notes offering due 2030; plans $125M concurrent share repurchase

COMMVAULT SYSTEMS INC

$750M convertible senior notes due 2030; initial purchasers have option for $112.5M additional.
Proceeds fund capped call transactions to reduce dilution upon conversion; cap price set at pricing.
Up to ~$125M of net proceeds used for concurrent share repurchases under existing program.
Remaining proceeds for general corporate purposes, including acquisitions and strategic investments.
Interest rate, conversion rate, and other terms determined at pricing.

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