Alteryx just announced a $200 million to $230 million senior convertible note offering due June 1, 2023. Terms are not disclosed.
Interesting to see the company’s statement for the use of the proceeds:
Alteryx intends to use the net proceeds from the offering of the notes to pay the cost of the capped call transactions described below. Alteryx intends to use the remainder of the net proceeds for general corporate purposes, which may include acquisitions or other strategic transactions.
So some of the money will buy call options to protect shareholders from potential dilution in the event of a convert on the notes and the phrase “may include acquisitions or other strategic transactions” caught my attention.
https://investor.alteryx.com/news-and-events/press-releases/…
Frank - long AYX, see profile for all holdings