Cornerstone OnDemand (CSOD +1.8%) ticks higher after pricing its $220M offering of convertible...

|About: Cornerstone OnDemand, Inc. (CSOD)|By:, SA News Editor

Cornerstone OnDemand (CSOD +1.8%) ticks higher after pricing its $220M offering of convertible senior notes due 2018. The cloud HR software firm is offering a yield of 1.5%, and an initial conversion price of $54.04 (33% above current levels). Workday (WDAY), meanwhile, is nearly unchanged after pricing its dual $220M debt offerings: the company is respectively offering yields of 0.75% and 1.5% for is 2018 and 2020 notes, and has set conversion prices of $83.28 and $81.74 (34% and 32% above current levels). Shares of both companies fell yesterday in response to news of their offerings.