BlackLine to repurchase up to $250 million 0.125% convertibles

By Taylor Fox

New York, March 11 – BlackLine, Inc. plans to repurchase up to $250 million of its outstanding 0.125% convertible senior notes due 2024, according to a news release.

The convertible notes will be repurchased using $432.2 million of the proceeds from the company’s $1 billion 0% convertible senior notes due 2026.

BlackLine plans to use the remainder of the proceeds for working capital and other general corporate purposes, which may include capital expenditures and potential acquisitions and strategic transactions.

BlackLine is a Los Angeles-based cloud-based accounting and finance software company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.