secwatch.observer — SEC 8-K summary
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Issuer:     Guidewire Software, Inc. (GWRE)
CIK:        0001528396
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001193125-24-239688
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guidewire issues $690M 1.25% convertible notes due 2029, retires $120.9M of 2025 notes
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- Issued $690M aggregate principal of 1.25% Convertible Senior Notes due 2029; initial conversion price ~$244.65/share.
- Entered capped call transactions costing $58.8M to reduce dilution; cap price ~$329.33/share.
- Retired $120.9M of its 1.25% 2025 Notes for $200.5M cash; $279.1M of 2025 Notes remain.
- Contemplates ~$300M revolving credit facility for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528396/000119312524239688/0001193125-24-239688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528396/000119312524239688/d869983d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-239688

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