Alarm.com Prices $425 Million Notes Offering

MT Newswires Live05-29

Alarm.com Holdings (ALRM) said Wednesday it priced a private placement of $425 million of its 2.25% convertible senior notes due 2029.

Initial purchasers have been granted a 13-day option to purchase up to $75 million in additional notes.

The initial conversion rate is 11.4571 common shares per $1,000 principal amount of the notes, or equivalent to an initial conversion price of about $87.28 per share.

Net proceeds will be used to fund about $53.6 million costs of certain capped call transactions, $75 million of share repurchases and for general corporate purposes, the company said.

The offering, which has been upsized from $375 million, is expected to close on May 31, subject to customary closing conditions.

The company plans to repurchase shares in privately negotiated transactions at a price equal to the stock's closing price of $67.14 on May 28.

Price: 69.77, Change: +2.63, Percent Change: +3.92

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2439135435?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-29 15:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2439135435","market":"sh","top_or_hot":-1,"title":"Alarm.com Prices $425 Million Notes Offering","media":"MT Newswires Live","content":"<html><body><p> Alarm.com Holdings (ALRM) said Wednesday it priced a private placement of $425 million of its 2.25% convertible senior notes due 2029. </p><p>Initial purchasers have been granted a 13-day option to purchase up to $75 million in additional notes.</p><p>The initial conversion rate is 11.4571 common shares per $1,000 principal amount of the notes, or equivalent to an initial conversion price of about $87.28 per share.</p><p>Net proceeds will be used to fund about $53.6 million costs of certain capped call transactions, $75 million of share repurchases and for general corporate purposes, the company said.</p><p>The offering, which has been upsized from $375 million, is expected to close on May 31, subject to customary closing conditions.</p><p>The company plans to repurchase shares in privately negotiated transactions at a price equal to the stock's closing price of $67.14 on May 28.</p><p>Price: 69.77, Change: +2.63, Percent Change: +3.92</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alarm.com Prices $425 Million Notes Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlarm.com Prices $425 Million Notes Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-29 15:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alarm.com Holdings (ALRM) said Wednesday it priced a private placement of $425 million of its 2.25% convertible senior notes due 2029. Initial purchasers have been granted a 13-day option to purchase ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2439135435","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439135435","pubTimestamp":1716968060,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Alarm.com Holdings  said Wednesday it priced a private placement of $425 million of its 2.25% convertible senior notes due 2029. Initial purchasers have been granted a 13-day option to purchase up to $75 million in additional notes.The initial conversion rate is 11.4571 common shares per $1,000 principal amount of the notes, or equivalent to an initial conversion price of about $87.28 per share.Net proceeds will be used to fund about $53.6 million costs of certain capped call transactions, $75 million of share repurchases and for general corporate purposes, the company said.The offering, which has been upsized from $375 million, is expected to close on May 31, subject to customary closing conditions.The company plans to repurchase shares in privately negotiated transactions at a price equal to the stock's closing price of $67.14 on May 28.Price: 69.77, Change: +2.63, Percent Change: +3.92","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","ALRM":"Alarm.com Holdings, Inc."},"translate_title":"Alarm.com发行4.25亿美元债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALRM":1},"content_text":"Alarm.com Holdings (ALRM) said Wednesday it priced a private placement of $425 million of its 2.25% convertible senior notes due 2029. Initial purchasers have been granted a 13-day option to purchase up to $75 million in additional notes.The initial conversion rate is 11.4571 common shares per $1,000 principal amount of the notes, or equivalent to an initial conversion price of about $87.28 per share.Net proceeds will be used to fund about $53.6 million costs of certain capped call transactions, $75 million of share repurchases and for general corporate purposes, the company said.The offering, which has been upsized from $375 million, is expected to close on May 31, subject to customary closing conditions.The company plans to repurchase shares in privately negotiated transactions at a price equal to the stock's closing price of $67.14 on May 28.Price: 69.77, Change: +2.63, Percent Change: +3.92","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439135435"}