Alkami Technology Prices $300 Million Convertible Senior Notes Offering

MT Newswires Live
03-11

Alkami Technology (ALKT) said late Monday it priced a private offering of $300 million of its 1.5% convertible senior unsecured notes due 2030.

The company granted the initial purchasers a 13-day option to buy up to an additional $45 million of the notes. The issuance is expected to settle on Thursday.

The initial conversion rate is 30.4681 shares of common stock per $1,000 of notes, which represents an initial conversion price of about $32.82 per share.

Alkami said it will use about $29.5 million of the net proceeds to fund certain capped call transactions and the remainder, together with cash on hand, to fund its pending acquisition of Fin Technologies. The company expects to use any remaining net proceeds for general corporate purposes.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10