Business News • MarketWire • Callidus Announces Pricing of $70 Million Senior Convertible Notes Due 2016 |
Callidus Announces Pricing of $70 Million Senior Convertible Notes Due 2016 |
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Callidus Announces Pricing of $70 Million Senior Convertible Notes Due 2016
PLEASANTON, CA--(Marketwire - May 18, 2011) - Callidus Software, Inc. (NASDAQ: CALD) today announced that it has priced $70 million principal amount of 4.75% convertible senior notes due 2016. The notes were offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The sale is expected to close on May 23, 2011. Callidus has granted to the initial purchasers of the notes the right to purchase up to an additional $10.5 million principal amount of notes. The notes mature on June 1, 2016. The notes will be redeemable by Callidus under certain circumstances beginning in 2014.
View More : http://www.marketwire.com/mw/release.do?id=1515937&sourceType=3
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