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.