Accolade announces pricing of $250 million convertible senior notes offering

Seattle, march 25, 2021 (globe newswire) -- accolade, inc. (nasdaq: accd) (“accolade”) announced the pricing of $250 million aggregate principal amount of 0.50% convertible senior notes due 2026 (the “notes”) in a private placement (the “offering”) to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). accolade also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $37.5 million aggregate principal amount of the notes. the sale of the notes is expected to close on march 29, 2021, subject to customary closing conditions.
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