Apptio, Inc. Announces Pricing of $125 Million Convertible Notes Offering
Summary
Thereafter until the close of business on the scheduled trading day preceding the relevant maturity date, the notes will be convertible at the option of the noteholders at any time regardless of these conditions.In connection with the pricing of the notes, Apptio entered into capped call transactions with the initial purchasers or their respective affiliates and other financial institutions (the "hedge counterparties").Apptio expects that, in connection with establishing their initial hedge of the capped call transactions, the hedge counterparties expect to purchase shares of Apptios Class A common stock and/or enter into various derivative transactions with respect to the Class A common stock concurrently with, or shortly after, the pricing of the notes.These activities could increase (or reduce the size of any decrease in), the market price of Apptios Class A common stock or the notes at that time.These forward-looking statements are based on estimates and assumptions by Apptios management that, although believed to be reasonable, are inherently uncertain and subject to a number of risks.
