Bentley Systems Retires $678 Million of Convertible Senior Notes
Bentley Systems, Incorporated - Class B (BSY)
Company Research
Source: Business Wire
Reduces Fully-diluted Count by Over 10 Million Shares EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has repaid at maturity the $678 million principal balance and accrued interest on its 0.125% Convertible Senior Notes due 2026. The repayment was funded by cash on hand and $610MM drawn from the company’s previously unused revolving credit facilities. $575 million of 0.375% Convertible Senior notes due mid-2027 remain outstanding.Werner Andre, Chief Financial Officer, said "By virtue of our sustained strong cash flows, our net leverage (2.2x as of 25Q3) remains well within our conservative target range; our further credit line availability of approximately $700 million (after repaying the 2026 convertibles) provides sufficiently for potential acquisitions; and our net interest expense level has not appreciably increased from prior years. Significantly, retiring this major tranche of conver
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BSY
Earnings
- 11/5/25 - Beat
BSY
Sec Filings
- 1/13/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- BSY's page on the SEC website