Irvine-based data analytics software maker Alteryx (Nyse: AYX) intends to offer $350 million of convertible senior notes due 2024 and $350 million of senior convertible notes due 2026, the company said in a statement today. Some of the proceeds may be used for acquisitions.
The notes will be will be senior, unsecured obligations of Alteryx and will bear interest payable semi-annually in arrears, the statement said. The transaction will take place in a private offering to qualified institutional investors.
The company said it plans to use a portion of the proceeds to pay for capped call transactions and to repurchase, exchange or otherwise retire up to half of the principal of the company’s existing convertible senior notes due in 2023.
“Alteryx intends to use the remainder of the aggregate net proceeds from the offering for general corporate purposes, which may include investments, acquisitions, or other strategic transactions,” according to the statement.
However, Alteryx has not designated any specific uses and has no current agreements or commitments with respect to any material investment, acquisition, or strategic transaction, the statement said.
Shares in the company fell 3.1% to $121.50 apiece in after-hours trading today.