Nutanix negotiates buy of $12.8 million 0% convertibles due 2023

Chicago, Sept. 16 – Nutanix Inc. entered into a series of privately negotiated transactions regarding its 0% convertible senior notes due 2023, including a repurchase of $12.8 million of the notes for cash, according to a press release.

The company also exchanged another $416.5 million of the convertibles for new notes with a higher coupon and an extended maturity date.

After the buyback and the exchange, there will be $145.7 million of the 2023 notes remaining.

The exchange and the repurchases are expected to close concurrently on Sept. 22.

Nutanix is a San Jose, Calif.-based cloud computing software company.

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