CyberArk notified holders on Mar 23, 2026 that the Default Settlement Method for its 0.00% Convertible…
Filed with the SEC on · Summarized by InvestorsBot
CyberArk notified holders on Mar 23, 2026 that the Default Settlement Method for its 0.00% Convertible Senior Notes due 2030 will be Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal for conversions on/after Mar 23, 2026. 🔁💵 $PANW $CYBR #ConvertibleNotes #Debt
The change is under the Indenture (Base Indenture 6/10/2025; First Supplemental Indenture 2/11/2026) among CyberArk, U.S. Bank Trust Co. (Trustee, paying agent & conversion agent) and Palo Alto Networks. 📝⚖️ $PANW #CorporateFinance #ConvertibleNotes
All conversions with Conversion Date on/after Mar 23, 2026 will be settled by Combination Settlement with $1,000 specified dollar per $1,000 principal until further modification — investors should monitor amendments to settlement mechanics. 🔍📌 $PANW $CYBR #Investing #ConvertibleNotes