---
schema_version: "secwatch.filing_event.v1"
accession: "0001392972-25-000122"
form_type: "8-K"
ticker: null
cik: "0001392972"
company_name: "PROS Holdings, Inc."
filed_at: "2025-06-25T23:59:59+00:00"
generated_at: "2026-05-18T19:09:48.559939+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PROS Holdings issues $235M 2.50% convertible senior notes due 2030

## Summary
- 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.

## SEC filing metadata
- accession: 0001392972-25-000122
- form_type: 8-K
- cik: 0001392972
- company_name: PROS Holdings, Inc.
- filed_at: 2025-06-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392972/000139297225000122/0001392972-25-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392972/000139297225000122/pro-20250623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001392972-25-000122
- JSON: https://secwatch.observer/filing/0001392972-25-000122.json
- Plain text: https://secwatch.observer/filing/0001392972-25-000122.txt

## Key facts
- Debt Financings
  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
  source text: issued $235.0 million in aggregate principal amount of 2.50% Convertible Senior Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1392972/000139297225000122/0001392972-25-000122-index.htm

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