Pegasystems buys back $35.73 million convertibles due 2025

By Mary-Katherine Stinson

Lexington, Ky., May 12 – Pegasystems Inc. repurchased $35.73 million in original principal amount of its 0.75% convertible senior notes due 2025 at a discounted price of 90.87 in a privately negotiated transaction, according to an 8-K filing with the Securities and Exchange Commission.

Accrued interest was also paid.

Following the buyback, $531.27 million in original principal amount of notes remain outstanding.

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

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