Vertex, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes
KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ:VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced that it intends to offer and sell, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, Vertex expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $37.5 million aggregate principal amount of notes.