Cardlytics prices $150.0 million convertible senior notes offering

Atlanta, march 26, 2024 (globe newswire) -- cardlytics, inc. (nasdaq: cdlx) (“cardlytics”), an advertising platform in banks' digital channels, today announced the pricing of its offering of $150.0 million aggregate principal amount of 4.25% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). the issuance and sale of the notes are scheduled to settle on april 1, 2024, subject to customary closing conditions. cardlytics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $22.5 million aggregate principal amount of notes.
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