Jamf drops ahead of convertible debt deal

Jamf Holding

14/09/2021 16:44

** Jamf Holding  JAMF.O  shares down 7.1% at $35.58 as Apple
 AAPL.O  enterprise management software provider looks to raise
capital
    ** JAMF shares on course for biggest one-day pct drop since
Nov 17
    ** Co offering privately $325 mln 5-yr convertible notes
 urn:newsml:reuters.com:*:nGNXc1sMtd
    ** JAMF plans to use portion of proceeds to repay term loan
facility in connection with acquisition of Wandera, and pay cost
of capped call transactions
    ** Co has market cap of ~$4.5 bln based on stock's last
close
    ** JP Morgan, BofA, Barclays, RBC and Mizuho jt bookrunners
for offering, slated to price Tues after market close
    ** With move on Tues, stock up ~19% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))