---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-043462"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T16:41:18.098805+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-043462
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000119312525043462/0001193125-25-043462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000119312525043462/d920389d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-043462
- JSON: https://secwatch.observer/filing/0001193125-25-043462.json
- Plain text: https://secwatch.observer/filing/0001193125-25-043462.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.