NICE Ltd. (Nasdaq: NICE) has announced the pricing of its previously announced offering of USD 400,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2025 (the “Convertible Notes”) in a private placement, the company said.
NICE also granted to the initial purchasers of the Convertible Notes an option to purchase up to an additional USD 60,000,0000 aggregate principal amount of the Convertible Notes within a 13-day period beginning on, and including, the initial closing date. The offering of the Convertible Notes is expected to close on August 27, 2020, subject to customary closing conditions.
The Convertible Notes will not bear regular interest. The Convertible Notes will mature on September 15, 2025, unless earlier prepaid, redeemed or exchanged. The Convertible Notes will be general unsecured obligations of the Company.
NICE is the worldwide provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data.