Pegasystems negotiates to buy $29 million of convertibles due 2025

Chicago, June 2 – Pegasystems Inc. privately negotiated to repurchase $29 million of the company’s 0.75% convertible senior notes due 2025 at 91.375, plus unpaid interest, according to an 8-K filing with the Securities and Exchange Commission.

Following the repurchase, there will be $502.27 million of the notes outstanding.

Pegasystems is a Cambridge, Mass.-based software company.

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