Rapid7 falls after $250 mln convertible notes offering

Rapid7

05/09/2023 18:16

** Shares of cybersecurity company Rapid7  RPD.O  fall 3.9%
to $49  
    ** Co proposes private offering of $250 mln of senior
convertible notes due 2029   
    ** Says interest rate, initial conversion and other terms to
be determined at pricing
    ** Expect to use proceeds partly to repurchase some of its
outstanding 2.25% convertible notes due 2025 - RPD
    ** Including session move, RPD up 43.6% YTD
     

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))