PROS Holdings, Inc.: debt financing — PROS Holdings exchanges $122M of 2024 notes for $116.8M of 2027 notes at 2.25%

PROS Holdings, Inc.

Exchanged $122M of 1.00% convertible notes due 2024 for $116.8M of 2.250% notes due 2027.
After settlement, $21.7M of 2024 notes and $266.8M of 2027 notes remain outstanding.
New notes mature Sep 15, 2027; initial conversion price ~$41.82 per share.
Issued in private placement under Section 4(a)(2); interest payable semi-annually.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

PROS Holdings, Inc. incurred senior notes of $116.8 million aggregate principal amount at 2.250% maturing September 15, 2027.

Instrument: senior notes
Principal: $116.8 million aggregate principal amount
Rate: 2.250%
Maturity: September 15, 2027
Event: incurrence

Exact text from the filing

On October 10, 2023, PROS Holdings, Inc. (“ PROS ”) settled the previously announced exchange agreements for the exchange of $122.0 million aggregate principal amount of its outstanding 1.00% Convertible Senior Notes due 2024 (the “ 2024 Notes ”) for newly issued $116.8 million aggregate principal amount of its outstanding 2.250% Convertible Senior Notes due 2027 (the “ 2027 Notes ”) (the “ Exchanges ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PROS Holdings, Inc. entered into a notes offering valued at $122.0 million aggregate principal amount of its outstanding 1.00% Convertible Senior Notes due 2024 (effective 2023-10-10).

Action: entry
Agreement: notes offering
Value: $122.0 million aggregate principal amount of its outstanding 1.00% Convertible Senior Notes due 2024
Effective: 2023-10-10

Exact text from the filing

On October 10, 2023, PROS Holdings, Inc. (“ PROS ”) settled the previously announced exchange agreements for the exchange of $122.0 million aggregate principal amount of its outstanding 1.00% Convertible Senior Notes due 2024 (the “ 2024 Notes ”) for newly issued $116.8 million aggregate principal amount of its outstanding 2.250% Convertible Senior Notes due 2027 (the “ 2027 Notes ”)

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Source: SEC EDGAR

accession 0001392972-23-000109

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