(RTTNews) - Commvault Systems, Inc. (CVLT) Tuesday said that it intends to offer $750 million of convertible senior notes due 2030.
Commvault also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $112.5 million of notes.
The company intends to use a portion of the proceeds from the offering to fund cost of the capped call transactions, which Commvault plans to enter into in connection with the notes offering, up to about $125 million to buy back its shares, and the remaining proceeds for general corporate purposes.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
