NetworkNewsBreaks – Medallia Inc. (NYSE: MDLA) Closes $575M Convertible Senior Notes Offering
Medallia (NYSE: MDLA) has closed an offering of $575 million of Convertible Senior Notes due 2025, in a private offering pursuant to Rule 144A under the Securities Act of 1933. According to the update, the notes will be senior, unsecured obligations of Medallia and will bear an annual interest rate of 0.125%. Unless earlier redeemed, repurchased or converted, the notes will mature on September 15, 2025. Medallia may not redeem the notes prior to September 20, 2023. In connection with the offering, Medallia entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates…







