{"id":820530,"date":"2025-03-03T08:42:00","date_gmt":"2025-03-03T13:42:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\/"},"modified":"2025-03-03T08:42:00","modified_gmt":"2025-03-03T13:42:00","slug":"pega-announces-repayment-of-convertible-senior-notes-at-maturity","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\/","title":{"rendered":"Pega Announces Repayment of Convertible Senior Notes at Maturity"},"content":{"rendered":"

<\/p>\n

Pega Announces Repayment of Convertible Senior Notes at Maturity<\/b><\/p>\n

Strategic Debt Fully Repaid as Pega Achieves Rule of 40 Status<\/i>(1)<\/sup><\/i><\/p>\n

WALTHAM, Mass.–(BUSINESS WIRE<\/a>)–Pegasystems Inc.<\/a> (\u201cPega\u201d or \u201cthe Company\u201d) (NASDAQ: PEGA), The Enterprise Transformation Company\u2122, today announced it has repaid in full the outstanding 0.75% Convertible Senior Notes (the \u201cConvertible Notes\u201d) due March 1, 2025 for a cash payment of $469.6 million.<\/p>\n

\nThe Convertible Notes, which were issued in February 2020 for an aggregate principal amount of $600 million, provided Pega with critical capital at a time when Pega was shifting from a traditional software licensing model to a subscription-based business.<\/p>\n

\n\u201cThe full repayment of our remaining Convertible Notes represents a significant milestone in Pega’s transformation journey,\u201d said Ken Stillwell, COO and CFO, Pega. \u201cThe capital raised through these Convertible Notes was instrumental in funding our subscription model transition.\u201d<\/p>\n

\nThe repayment of the Convertible Notes comes as Pega recently achieved Rule of 40 status. \u201cBecoming a Rule of 40 company and retiring our Convertible Notes demonstrates the strength of Pega’s business model and our commitment to maintaining a disciplined approach to capital allocation,\u201d added Stillwell.<\/p>\n

\nPega used cash-on-hand to repay the Convertible Notes and did not issue new debt in connection with the repayment.<\/p>\n

\nFurther information is set forth in the Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on March 3, 2025.<\/p>\n

\n(1) Rule of 40 Status reflects the adjustments disclosed as supplemental information in Item 7 of the Annual Report on Form 10-K filed by Pegasystems Inc. with the SEC on February 12, 2025.<\/p>\n

About Pegasystems
\n
<\/b>Pega is The Enterprise Transformation Company that helps organizations Build for Change\u00ae with enterprise AI decisioning and workflow automation. Many of the world\u2019s most influential businesses rely on our platform to solve their most pressing challenges, from personalizing engagement to automating service to streamlining operations. Since 1983, we\u2019ve built our scalable and flexible architecture to help enterprises meet today\u2019s customer demands while continuously transforming for tomorrow. For more information on Pega (NASDAQ: PEGA), visit www.pega.com<\/a>.<\/p>\n

All trademarks are the property of their respective owners.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250303959966\/en\/<\/a><\/span><\/p>\n

Press:
\n<\/b>
Lisa Pintchman
\n
VP, Corporate Communications
\n
lisa.pintchman@pega.com
\n<\/a>
617-866-6022
\n
Twitter: @pega<\/a><\/p>\n

Investor:
\n<\/b>
Peter Welburn
\n
VP, Corporate Development & Investor Relations
\n
PegaInvestorRelations@pega.com
\n<\/a>
617-498-8968<\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Business Professional Services Technology Artificial Intelligence Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Pega Announces Repayment of Convertible Senior Notes at Maturity Strategic Debt Fully Repaid as Pega Achieves Rule of 40 Status(1) WALTHAM, Mass.–(BUSINESS WIRE)–Pegasystems Inc. (\u201cPega\u201d or \u201cthe Company\u201d) (NASDAQ: PEGA), The Enterprise Transformation Company\u2122, today announced it has repaid in full the outstanding 0.75% Convertible Senior Notes (the \u201cConvertible Notes\u201d) due March 1, 2025 for a cash payment of $469.6 million. The Convertible Notes, which were issued in February 2020 for an aggregate principal amount of $600 million, provided Pega with critical capital at a time when Pega was shifting from a traditional software licensing model to a subscription-based business. \u201cThe full repayment of our remaining Convertible Notes represents a significant milestone in Pega’s transformation journey,\u201d said Ken Stillwell, COO … <\/p>\n

Continue reading “Pega Announces Repayment of Convertible Senior Notes at Maturity”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-820530","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPega Announces Repayment of Convertible Senior Notes at Maturity - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pega Announces Repayment of Convertible Senior Notes at Maturity - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Pega Announces Repayment of Convertible Senior Notes at Maturity Strategic Debt Fully Repaid as Pega Achieves Rule of 40 Status(1) WALTHAM, Mass.–(BUSINESS WIRE)–Pegasystems Inc. (\u201cPega\u201d or \u201cthe Company\u201d) (NASDAQ: PEGA), The Enterprise Transformation Company\u2122, today announced it has repaid in full the outstanding 0.75% Convertible Senior Notes (the \u201cConvertible Notes\u201d) due March 1, 2025 for a cash payment of $469.6 million. The Convertible Notes, which were issued in February 2020 for an aggregate principal amount of $600 million, provided Pega with critical capital at a time when Pega was shifting from a traditional software licensing model to a subscription-based business. \u201cThe full repayment of our remaining Convertible Notes represents a significant milestone in Pega’s transformation journey,\u201d said Ken Stillwell, COO … Continue reading "Pega Announces Repayment of Convertible Senior Notes at Maturity"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T13:42:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250303959966r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Pega Announces Repayment of Convertible Senior Notes at Maturity\",\"datePublished\":\"2025-03-03T13:42:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\\\/\"},\"wordCount\":410,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250303959966r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pega-announces-repayment-of-convertible-senior-notes-at-maturity\\\/\",\"name\":\"Pega Announces Repayment of Convertible Senior Notes at Maturity - 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