Tibco (TIBX) -1.5% AH after announcing a $500M offering for convertible notes due 2032. The...

|By:, SA News Editor

Tibco (TIBX) -1.5% AH after announcing a $500M offering for convertible notes due 2032. The software vendor intends to use $150M of the proceeds to repurchase shares, another $150M to pay down credit facility borrowings, and the remaining $200M for "general corporate purposes." (PR)