Proofpoint prices upsized $175M convertible offering

|By:, SA News Editor

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).