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Bottomline Technologies
EPAY, a leading provider of cloud-based
payment, invoice and banking solutions, today announced that the underwriters
of its previously announced convertible note offering have fully exercised
their overallotment option. As a result, the net offering proceeds to
Bottomline are estimated to be approximately $167 million after deducting the
underwriting discount, other estimated offering expenses and the net cost of
the previously announced hedge and warrant transactions that Bottomline
entered into in connection with the offering. The offering closed on
Wednesday, December 12.
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