Commvault Systems, Inc. (CVLT) Tuesday said that it intends to offer $750 million of convertible senior notes due 2030.
Commvault also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $112.5 million of notes.
The company intends to use a portion of the proceeds from the offering to fund cost of the capped call transactions, which Commvault plans to enter into in connection with the notes offering, up to about $125 million to buy back its shares, and the remaining proceeds for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.