BlackLine, Inc. Announces Proposed Private Offering of $500,000,000 of Convertible Senior Notes
LOS ANGELES, May 21, 2024 (GLOBE NEWSWIRE) — BlackLine, Inc. (Nasdaq:BL), today announced that it intends to offer, subject to market conditions and other factors, $500,000,000 aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). BlackLine also intends to grant the initial purchaser of the notes a 13-day option to purchase up to an additional $75,000,000 aggregate principal amount of the notes.