Deal Details
Guidewire Completes $690 Million Senior Notes Offering
Summary
Guidewire Software, Inc. (“Guidewire” or the “Company”) (NYSE: GWRE), recently completed an upsized offering of $690 million aggregate principal amount of 1.25% convertible senior notes due 2029 (the “notes”) in a private offering pursuant to Rule 144A, including $90 million aggregate principal amount of the notes purchased by the underwriters pursuant to the overallotment option. The Company intends to use the net proceeds from the offering to retire outstanding convertible senior notes and for general corporate purposes.
Baird served as a co-manager on this offering.
About
Guidewire is the platform P&C insurers trust to engage, innovate and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. Guidewire is headquartered in San Mateo, California.CONTACT US TO LEARN MORE
- Date
- October 2024
- Company
- Guidewire Software, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Software
- Target Geography
- North America
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