Cardlytics Prices $150 Million Convertible Senior Notes Offering
Wednesday, 27 March 2024, 06:45
Cardlytics Prices $150 Million Convertible Senior Notes Offering
Cardlytics (CDLX) has announced the pricing of $150 million convertible senior notes due 2029 in a private offering to institutional buyers. This move signifies the company's proactive approach to secure funding for future expansion and development.
Key Highlights:
- Convertible Senior Notes: $150 million in convertible senior notes priced by Cardlytics.
- Due 2029: The notes are set to mature in 2029, providing a long-term financing option for the company.
- Institutional Buyers: The offering targets institutional buyers, showcasing investor confidence in Cardlytics.
The issuance of convertible senior notes reflects Cardlytics' strategic financial maneuvering and commitment to exploring diverse funding channels for sustained growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.