Brief: Model N Announces Proposed Offering Of $150.0 Million Of Convertible Senior Notes Due 2025
19/05/2020 13:17
May 19 (Reuters) - Model N Inc MODN.N :
* MODEL N ANNOUNCES PROPOSED OFFERING OF $150.0 MILLION OF
CONVERTIBLE SENIOR NOTES DUE 2025
* MODEL N - INTENDS TO USE ABOUT $40.0 MILLION OF PROCEEDS
FROM
OFFERING TO REPAY IN FULL DEBT OUTSTANDING UNDER, AND TERMINATE,
MODEL N'S CREDIT FACILITY
* MODEL N INC - NOTES WILL MATURE ON JUNE 1, 2025
Source text for Eikon: ID:nBw2h8y97a
Further company coverage: MODN.N
(Reuters.Briefs@thomsonreuters.com)
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