secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001410384-23-000031
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 Holdings repurchases $171.3M aggregate principal of convertible notes at discount
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- Repurchased $159M of 0.125% 2025 notes for $138.4M cash; $12.3M of 0.75% 2026 notes for $10.7M cash.
- Settlement expected March 13, 2023; remaining $191M (2025) and $304M (2026) notes outstanding.
- Repurchases reduce debt and potential dilution; cash price ~87% of par value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000031/0001410384-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000031/qtwo-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer