Procore plans private placement of USD 750 million convertible senior notes due 2031
Reuters2026/08/03 10:50Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Procore announced a proposed private placement of USD 750 million Convertible Senior Notes due 2031 to qualified institutional buyers under Rule 144A.
- Net proceeds earmarked for the DroneDeploy acquisition, capped call transactions, concurrent stock repurchases, plus general corporate purposes.
- Company expects to use up to USD 175 million to repurchase common stock concurrent with pricing in privately negotiated transactions.
- Notes, plus any shares issuable on conversion, will be unregistered under the Securities Act.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein.
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