Vertex, Inc. closed a $345M upsized offering of convertible senior notes due 2029 for working capital, acquisitions, and strategic purposes.
Vertex, Inc., a global provider of indirect tax solutions, closed a $345M upsized offering of convertible senior notes due 2029. The notes were sold to qualified institutional buyers under Rule 144A of the Securities Act. The company plans to use the proceeds for working capital, general corporate purposes, potential acquisitions, and strategic transactions, while also funding the cost of capped call transactions.
April 26, 2024
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