---
schema_version: "secwatch.filing_event.v1"
accession: "0001773383-26-000054"
form_type: "8-K"
ticker: "DT"
cik: "0001773383"
company_name: "Dynatrace, Inc."
filed_at: "2026-08-20T20:14:54+00:00"
generated_at: "2026-08-20T20:16:35.101988+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dynatrace raises $1.4375B via 0% exchangeable senior notes due 2031

## Summary
- Issued $1.4375B aggregate principal of 0.00% exchangeable senior notes due 2031; includes $187.5M from full greenshoe exercise.
- Net proceeds ~$1.411B; ~$167.8M for exchangeable note hedge (net of warrant proceeds), ~$134.7M to repurchase 2.83M shares at $47.61.
- Initial exchange rate 15.5585 shares/$1,000 (price ~$64.27, 35% premium); warrants strike $107.1225 (125% premium).
- Notes mature Sept 1, 2031; no interest; redeemable after Sept 6, 2029 if stock >=130% of exchange price for 20/30 days.
- Terminated existing senior secured revolving credit facility; outstanding letters of credit cash collateralized.

## SEC filing metadata
- accession: 0001773383-26-000054
- form_type: 8-K
- ticker: DT
- cik: 0001773383
- company_name: Dynatrace, Inc.
- filed_at: 2026-08-20T20:14:54+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1773383/000177338326000054/0001773383-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1773383/000177338326000054/dt-20260820.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001773383-26-000054
- JSON: https://secwatch.observer/filing/0001773383-26-000054.json
- Plain text: https://secwatch.observer/filing/0001773383-26-000054.txt

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