Cardlytics Announces $150.0M Proposed Convertible Senior Notes Offering

Author: Benzinga Newsdesk | March 26, 2024 07:20am

Cardlytics, Inc. (NASDAQ:CDLX) ("Cardlytics"), an advertising platform in banks' digital channels, today announced its intention to offer, subject to market and other conditions, $150.0 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"). Cardlytics also 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 $22.5 million aggregate principal amount of notes.

Posted In: CDLX