Cerence inc. prices offering of $190 million 1.50% convertible senior notes due 2028

Burlington, mass., june 22, 2023 (globe newswire) -- cerence inc. (nasdaq: crnc), ai for a world in motion, announced today the pricing of $190.0 million aggregate principal amount of 1.50% convertible senior notes due 2028 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). in connection with the offering, cerence granted the initial purchasers an option to purchase up to an additional $20.0 million aggregate principal amount of notes. the sale of the notes to the initial purchasers is expected to close on june 26, 2023, subject to customary closing conditions.
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