Informa TechTarget announced on January 24, 2025, the final results of its tender offers to repurchase outstanding convertible senior notes, with nearly all notes successfully tendered. The offers, which expired on January 23, 2025, were a requirement following the company's merger on December 2, 2024.
The company accepted for repurchase all $3.04 million aggregate principal amount of the 0.125% Convertible Senior Notes due 2025, representing 100% of the outstanding notes. Additionally, $413.993 million aggregate principal amount of the 0.000% Convertible Senior Notes due 2026, approximately 99.9% of the outstanding notes, were tendered and accepted.
Informa TechTarget expects to pay approximately $3.04 million for the 2025 Notes and $413.993 million for the 2026 Notes in cash. Following the settlement, only $7,000 aggregate principal amount of the 2026 Notes will remain outstanding, and none of the 2025 Notes. This significantly reduces the company's convertible debt and simplifies its financial structure.
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