CommVault Systems Inc. Secures $900 Million in Convertible Senior Notes with <a href="https://laohu8.com/S/USB">U.S. Ban</a>k Trust Company as Part of New Financing Agreement
CommVault Systems Inc. has entered into a significant financing agreement, issuing $900 million in 0% Convertible Senior Notes due in 2030. The issuance, completed on September 5, 2025, was conducted under an Indenture agreement with U.S. Bank Trust Company, National Association, acting as trustee. Initially, the company also granted initial purchasers an option to buy an additional $115 million in Notes, which was fully exercised by September 3, 2025. This strategic move, which included privately negotiated capped call transactions with financial institutions, aims to bolster CommVault's financial positioning. The announcement was accompanied by a press release on September 2, 2025, detailing the pricing of the Notes, though it clarified that neither the report nor the press release constituted an offer to sell.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CommVault Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001169561-25-000075), on September 05, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.