CommVault Systems Inc. Announces $750 Million Convertible Senior Notes Offering with Potential Additional Issuance of $112.5 Million

Reuters
Sep 02
CommVault Systems Inc. Announces $750 Million Convertible Senior Notes Offering with Potential Additional Issuance of $112.5 Million

CommVault Systems Inc. $(CVLT)$ has announced its intention to offer $750.0 million aggregate principal amount of Convertible Senior Notes due 2030. These notes will be sold exclusively to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Additionally, Commvault may grant the initial purchasers an option to buy up to an additional $112.5 million principal amount of the Notes. The proceeds from this offering will be used to enhance strategic flexibility, including purchasing capped calls to mitigate share dilution. Further details such as pricing, maturity date, and interest rate, as well as the full prospectus URL, are not provided in the announcement.

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 PR Newswire (Ref. ID: NY62837) on September 02, 2025, and is solely responsible for the information contained therein.

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