Alarm.com Holdings, Inc. (ALRM), a provider of Internet of Things (IoT) and solutions, Tuesday said it intends to offer $375 million of convertible senior notes due 2029 in a private placement.
Alarm.com expects to use the net proceeds from the offering to pay the cost of the capped call transactions, to repurchase up to $75 million of its shares, and for general corporate purposes.
The company also intends to grant the initial purchasers of the notes an option to purchase up to an additional $56.25 million of notes.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.