Model N Announces Closing of $172.5 Million of 2.625% Convertible Senior Notes Due 2025, Including Full Exercise of the Initial Purchasers’ Option to Purchase Additional Notes
Model N, Inc. (MODN)
Last model n, inc. earnings: 2/4 04:15 pm
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US:NYSE Investor Relations:
investor.modeln.com
Company Research
Source: Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), a leading provider of cloud revenue management solutions for Life Sciences and High Tech companies, announced today the closing of its offering of $172.5 million aggregate principal amount of 2.625% convertible senior notes due 2025, including the exercise in full of the underwriters’ option to purchase an additional $22.5 million aggregate principal amount of notes, in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act.Model N estimates that the net proceeds from the offering are approximately $166.3 million, after deducting the initial purchasers' discount and estimated offering expenses payable by Model N. Model N used approximately $40.0 million of the net proceeds from the offering to repay in full the debt outstanding under, and terminate, Model N’s credit facility and intends to use the
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MODN
News
- Model N, Inc. (NYSE: MODN) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Model N, Inc. (NYSE: MODN) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, ABIO, SWAV, MODNGlobeNewswire
- Model N, Inc. (NYSE: MODN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MCBC, SWAV, AIRC, MODNGlobeNewswire
MODN
Earnings
- 2/6/24 - Beat
MODN
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- 4/8/24 - Form DEFA14A
- MODN's page on the SEC website