Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Vertex, Inc. incurred convertible notes of $345 million aggregate principal amount with Morgan Stanley & Co. LLC at 0.750% per annum maturing May 1, 2029.
- Instrument
- convertible notes
- Principal
- $345 million aggregate principal amount
- Counterparty
- Morgan Stanley & Co. LLC
- Rate
- 0.750% per annum
- Maturity
- May 1, 2029
- Event
- incurrence
Exact text from the filing
for a period of 13 days from, and including, the date the base notes were issued. The Initial Purchasers elected to exercise the option in full. The issuance of the entire $345 million aggregate principal amount of notes was consummated on April 26, 2024 (the “Closing Date”). The net proceeds from the offering of the notes were approximately $333.7 million,
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Vertex, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $345 million aggregate principal amount of notes (effective 2024-04-26).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association, as trustee
- Value
- $345 million aggregate principal amount of notes
- Effective
- 2024-04-26
Exact text from the filing
The notes were issued pursuant to, and are and will be governed by, an indenture, dated as of the Closing Date (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Vertex, Inc. entered into Purchase Agreement with Morgan Stanley & Co. LLC as representative of the several initial purchasers valued at $300 million aggregate principal amount (effective 2024-04-23).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Morgan Stanley & Co. LLC as representative of the several initial purchasers
- Value
- $300 million aggregate principal amount
- Effective
- 2024-04-23
Exact text from the filing
On April 23, 2024, Vertex, Inc. (the “Company”) agreed to sell to the several initial purchasers (the “Initial Purchasers”) for whom Morgan Stanley & Co. LLC acted as representative (the “Representative”), and the Initial Purchasers agreed to purchase from the Company, $300 million aggregate principal amount of the Company’s 0.750% Convertible Senior Notes due 2029 (the “base notes”), pursuant to a purchase agreement (the “Purchase Agreement”) between the Company and the Representative.
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