Israeli cybersecurity co CyberArk to raise $500m debt

Udi Mokady CEO CyberArk

The Petah Tikva-based company will issue bonds in a private placement.

Israeli cybersecurity company CyberArk Software Ltd. (Nasdaq: CYBR) plans to issue $500 million aggregate principal amount of Convertible Senior Notes due 2024 in a private placement for institutional investors.

The Petah Tikva-based privileged access management company will grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75 million aggregate principal for a total of $575 million.

Published by Globes, Israel business news - en.globes.co.il - on November 13, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

Udi Mokady CEO CyberArk
Udi Mokady CEO CyberArk
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018