The software firm will receive approximately $1.227B in net proceeds from the private placement at a 35% premium to its share price.
Dynatrace (DT) has priced $1.25 billion in 0% exchangeable senior notes maturing in 2031. The offering is expected to generate about $1.227 billion in net proceeds for the company.
The notes carry an initial exchange price of $64.27 per share, reflecting a 35% premium to Dynatrace’s current stock price. The private placement targets institutional investors.
No immediate market reaction was disclosed in the announcement.