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home / news releases / TTGT - TechTarget launches $360M convertible notes offering

TTGT - TechTarget launches $360M convertible notes offering

TechTarget Inc.
TechTarget (NASDAQ:TTGT) proposes offering of $360M principal amount of convertible senior notes due 2026. In addition, the company has granted initial purchasers an option to purchase up to an additional $54M of notes. The interest rate, initial conversion rate, offering price and other terms not yet determined. TechTarget intends to use a portion of the net proceeds to enter into privately negotiated transactions with certain holders of TechTarget’s 0.125% convertible senior notes due 2025 to repurchase or exchange a portion of its existing notes for cash, common stock or combination of both. Stock is down 4% in after-hours trading. Press Release

For further details see:

TechTarget launches $360M convertible notes offering
Stock Information
Company Name: TechTarget Inc.
Stock Symbol: TTGT
Market: NASDAQ
Website: techtarget.com
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