October 21, 2020
Business News

Medallia Announces Private Offering of $500 Million of Convertible Senior Notes

SAN FRANCISCO–()–Medallia, Inc. (“Medallia”) (NYSE: MDLA) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Medallia also expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the notes. The notes will be senior, unsecured obligations of Medallia, and interest will be payable semi-annually…

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