Everbridge Plans To Redeem Outstanding Convertible Senior Notes Worth $99.3M

Everbridge, Inc (NASDAQ:EVBG) forged agreements with certain holders of the company’s outstanding 0.125% convertible senior notes due 2024 to repurchase, with available cash, $99.3 million of the notes for a cash repurchase price of $90.7 million, including accrued interest.
The repurchases will likely close by November 29, 2022.
Also Read: Everbridge Shares Gain As It Tops Q3; Trims Workforce
Everbridge held $489.7 million in cash and equivalents as of September 30.
Everbridge held $812 million in convertible senior notes as of September 30.
Price Action: EVBG shares traded higher by 3.26% at $30.39 on the last check Wednesday.
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