Check Point Closes $2 Billion Convertible Senior Notes Offering

Reuters12-09
Check Point Closes $2 Billion Convertible Senior Notes Offering

Check Point Software Technologies Ltd. has closed its previously announced private offering of 0.00% convertible senior notes due 2030. The company issued $1.75 billion in aggregate principal amount of these notes and an additional $250 million pursuant to the initial purchasers' option, resulting in a total principal amount of $2.0 billion. The offering was made to qualified institutional buyers under Rule 144A of the Securities Act. Net proceeds were approximately $1.97 billion after fees and expenses, with a portion allocated to capped call transactions. For further information, see the [Indenture between Check Point Software Technologies Ltd. and U.S. Bank Trust Company, National Association, as trustee, for the 0.00% Convertible Senior Notes due 2030.](exhibit_4-1.htm)

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