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Commvault Systems Prices Upsized $785 Million Private Debt Offering

BY MT Newswires | CORPORATE | 09/03/25 04:14 AM EDT

04:14 AM EDT, 09/03/2025 (MT Newswires) -- Commvault Systems (CVLT) said late Tuesday it priced a $785 million private offering of 0% convertible senior notes due Sept. 15, 2030, for about $767.3 million in expected net proceeds.

The offering was upsized from a previously planned $750 million.

The company said the initial purchasers have an option to buy up to an additional $115 million of the notes.

Key elements of the transaction include repurchases of about $117.7 million of the company's common shares, it said.

The offering is expected to close Friday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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