NICE Proposes Offering of USD400M of Convertible Senior Notes Due 2025

NICE Ltd. (NASDAQ: NICE) has announced that it intends to offer, subject to market and other considerations, USD 400,000,000 aggregate principal amount of Convertible Senior Notes due 2025 (the “Convertible Notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”), the company said.

The Company also intends to grant to the initial purchasers of the Convertible Notes an option to purchase up to an additional USD 60,000,000 aggregate principal amount of the Convertible Notes within a 13-day period beginning on, and including, the initial closing date. The Convertible Notes will be general unsecured obligations of the Company.

The Convertible Notes will mature on September 15, 2025, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date. Prior to June 15, 2025, the Notes will be convertible at the option of the holders only upon the satisfaction of certain conditions and during certain periods. On or after June 15, 2025, the Convertible Notes will be convertible at the option of the holders until the close of business on the second scheduled trading day prior to the maturity date.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include repayment of our outstanding term loan under our credit agreement at or prior to maturity in December 2021.

NICE is a 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. NICE helps organizations of all sizes deliver better customer service, ensure compliance, combat fraud and safeguard citizens. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions. www.nice.com.