secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001410384-23-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 repurchases $171.3M aggregate principal of convertible notes; terminates related capped calls
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- Settled repurchase of $159.0M principal of 0.125% Convertible Senior Notes due 2025 for $138.4M cash.
- Settled repurchase of $12.3M principal of 0.75% Convertible Senior Notes due 2026 for $10.7M cash.
- After settlement, $191M of 2025 Notes and $304M of 2026 Notes remain outstanding with terms unchanged.
- Terminated a portion of capped call transactions; expects ~$0.7M net proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000046/0001410384-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000046/qtwo-20230309.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000046

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