Dye & Durham will hold Dutch auction for 3.75% convertibles due 2026

Chicago, July 24 – Dye & Durham Ltd. is planning to start a tender offer on Wednesday for its 3.75% convertible senior debentures due March 1, 2026, according to a press release.

The company will be funding the offer with cash on hand.

The offer will be for up to C$52 million of overall debt.

Through a modified Dutch auction, noteholders will be offered C$500 to C$650 per C$1,000 face amount.

The aggregate purchase price will not exceed C$26 million.

Canaccord Genuity Inc. will be the dealer manager.

Computershare Investor Services Inc. will be the depositary.

Dye & Durham is a provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company is based in Vancouver, B.C.

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