Talend S.A. Announces Pricing of €125 Million Convertible Notes Offering
The sale of the notes to the initial purchasers is expected to settle on
The notes will be senior, unsecured obligations of Talend. The notes will bear interest at a rate of 1.75% per year. Interest will be payable semi-annually in arrears on
The initial conversion rate for the notes is 19.3234 American Depositary Shares (“ADSs”), each such ADS representing one ordinary share of
Conversions of the notes will be settled in cash in euros, Talend’s ordinary shares to be delivered in the form of ADSs or a combination thereof, at Talend’s election.
During the period from, and including,
Holders may require
In the event of certain changes to the laws governing a relevant taxing jurisdiction,
Other than in connection with a tax redemption,
In connection with certain corporate events or if
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.
Vice President, Corporate Communications
Source: Talend S.A.