Pega repays $469.6M convertible notes at maturity; achieves Rule of 40 status

PEGASYSTEMS INC

Repaid $469.6M in cash (principal + accrued interest) on 0.75% convertible notes due March 1, 2025.
No conversion requests were received before the maturity date; capped call transactions expired.
Debt retired using cash-on-hand; no new debt issued in connection with repayment.
Company recently achieved Rule of 40 status, citing disciplined capital allocation.
Notes originally issued in Feb 2020 for $600M to fund subscription model transition.

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