secwatch.observer — SEC 8-K summary
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Issuer:     COMMVAULT SYSTEMS INC (CVLT)
CIK:        0001169561
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001169561-25-000075
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

Commvault Issues $900M 0% Convertible Senior Notes Due 2030, Enters Capped Call Transactions
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- Issued $900M aggregate principal amount of 0% Convertible Senior Notes due 2030 on September 5, 2025, plus initial purchasers exercised option for additional $115M.
- Notes mature September 15, 2030, convertible at option of holders under certain conditions, with initial conversion price approximately $236.88 per share.
- Concurrently entered capped call transactions with affiliates of initial purchasers to reduce potential dilution upon conversion, with initial cap price of $357.56 per share.
- Notes are senior unsecured obligations, rank equally with existing senior unsecured debt, and structurally subordinated to subsidiary liabilities.
- Company may redeem notes on or after September 22, 2028 if stock price exceeds 130% of conversion price; holders may require repurchase upon fundamental change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169561/000116956125000075/0001169561-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169561/000116956125000075/cvlt-20250902.htm
  HTML page:      https://secwatch.observer/filing/0001169561-25-000075

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