Varonis Systems, Inc. (VRNS), a software company, announced on Thursday that it plans to offer $350 million of convertible senior notes due 2029 in a private offering.Additionally, the company expects to grant initial buyers a 13-day option to purchase up to an extra $52.5 million of notes.Varonis plans to utilize the net proceeds from the offering for working capital and general corporate purposes. The company might also allocate a portion of the proceeds towards acquiring or investing in businesses, products, offerings, and technologies.In pre-market trading on the Nasdaq, VRNS shares were down by 4.09 percent, trading at $52.80.The material has been provided by InstaForex Company – www.instaforex.com
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