Everbridge to repurchase some of its outstanding 1.5% convertibles

By Taylor Fox

New York, March 8 – Everbridge, Inc. plans to repurchase for a combination of cash and shares of common stock a portion of its outstanding 1.5% convertible senior notes due 2022 using proceeds from its offering of $275 million of convertible senior notes due 2026, according to a news release.

The proceeds will also be used to pay the cost of the company’s capped call transactions.

Everbridge is a Burlington, Mass.-based enterprise software company.

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