Seeking Alpha

Proofpoint prices upsized $175M convertible offering

  • Proofpoint (PFPT -3.3%) prices an uspized $175M ($26.25M overallotment) in 1.25% senior unsecured convertible notes maturing in 2018.
  • The notes are convertible at an initial price of $39.02/share (a 32.5% premium to yesterday's close).
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