Varonis Systems (VRNS) Announces Proposed $350M Convertible Senior Notes Offering
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Varonis Systems, Inc. Announces Proposed Offering of $350 Million of Convertible Senior Notes
September 5, 2024 7:06 AM EDTNEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS) (Company or Varonis) announced today its intention to offer $350.0 million aggregate principal amount of Convertible Senior Notes due 2029 (the Notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), subject to market conditions and other factors.  The Company also expects to grant to the initial purchasers of the Notes a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of Notes.
