PROS Holdings, Inc.: debt financing — PROS Holdings issues $235M 2.50% convertible senior notes due 2030

PROS Holdings, Inc.

Issued $235M of 2.50% Convertible Senior Notes due 2030; net cash proceeds ~$48.8M after fees and capped call costs.
Initial conversion rate 48.8293 shares per $1,000 principal, equivalent to ~$20.48 per share.
Paid ~$27.9M for capped call transactions to reduce dilution upon conversion, capped at 150% above June 12 closing price.
Amendment to credit agreement obtained consent from lenders for the notes issuance.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PROS Holdings, Inc. incurred convertible notes of $235.0 million in aggregate principal amount with Wilmington Trust, National Association at 2.50% per year maturing 2030.

Instrument: convertible notes
Principal: $235.0 million in aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: 2.50% per year
Maturity: 2030
Event: incurrence

Exact text from the filing

issued $235.0 million in aggregate principal amount of 2.50% Convertible Senior Notes due 2030

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Source: SEC EDGAR

accession 0001392972-25-000122

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