secwatch.observer — SEC 8-K summary
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Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001193125-23-159880
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasystems repurchases $29M of convertible notes at 91.375% of par
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- Repurchased $29.0M principal amount of 0.75% convertible notes due 2025 at $91.375 per $100 par plus accrued interest.
- Following repurchase, $502.27M in original principal of the notes remain outstanding.
- Company may undertake further repurchases or exchanges in open market or private transactions depending on market conditions.
- Repurchase at a discount reduces outstanding debt and future interest expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000119312523159880/0001193125-23-159880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000119312523159880/d451183d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159880

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