debt
confidence high
sentiment neutral
materiality 0.50
Guidewire retires $100M of 1.25% convertible notes due 2025 for $153.5M cash
Guidewire Software, Inc.
- Retired $100M principal of 1.25% Convertible Senior Notes due March 2025 for ~$153.5M including accrued interest.
- Excess payment of $53.2M above principal recorded as other expense in Q2 FY2025, excluded from non-GAAP.
- After retirement, ~$179.1M aggregate principal of the 2025 Notes remains outstanding due March 2025.
- Transactions occurred December 12–19, 2024, settled on December 17 and 20, 2024.