Cerence inc. announces proposed offering of $190 million convertible senior notes due 2028

Burlington, mass., june 21, 2023 (globe newswire) -- cerence inc. (nasdaq: crnc), ai for a world in motion, announced today that it intends to offer, subject to market conditions and other factors, $190.0 million aggregate principal amount of 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 expects to grant the initial purchasers an option to purchase up to an additional $20.0 million aggregate principal amount of notes.
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