TechMediaBreaks – Alarm.com Holdings Inc. (NASDAQ: ALRM) Announces Upsizing of Private Placing
Alarm.com Holdings (NASDAQ: ALRM), the leading platform for the intelligently connected property, announced the pricing of a private placing. According to the announcement, the pricing is $425 million aggregate principal amount of 2.25% convertible senior notes; the placement is for qualified institutional buyers. The company increased the size of the offering from $375 million to $425 million, with the observation that the placement could total up to $500 million if the initial purchasers’ option to purchase additional notes is exercised in full. Alarm.com anticipates using the funds from the net proceeds of the offering to pay the cost of capped…