Alteryx estimates that the aggregate net proceeds from the offering will be approximately $781.2 million, after deducting the initial purchasers’ discount and estimated offering expenses payable by Alteryx. Alteryx used approximately $87.4 million of the aggregate net proceeds from the offering of the notes to pay the cost of the capped call transactions described below to manage potential dilution. Alteryx used $145.4 million of the aggregate net proceeds from the offering and issued approximately 2.2 million shares of Alteryx Class A common stock to repurchase and exchange (such transactions, the “repurchases”) approximately $145.2 million principal amount of its existing 0.50% Convertible Senior Notes due 2023 (the “2023 notes”) in privately negotiated transactions concurrently with the offering. In connection with the repurchases, Alteryx terminated a corresponding portion of the existing capped call transactions that Alteryx entered into when the 2023 notes were issued.
Alteryx intends to use the remainder of the aggregate net proceeds from the offering for general corporate purposes, which may include investments, acquisitions, or other strategic transactions. However, Alteryx has not designated any specific uses and has no current agreements or commitments with respect to any material investment, acquisition, or strategic transaction.
In connection with the pricing of the notes, Alteryx entered into privately negotiated capped call transactions relating to such series of notes with certain financial institutions. The capped call transactions are expected generally to reduce the potential dilution upon any conversion of the relevant series of notes and/or offset any cash payments Alteryx is required to make in excess of the principal amount of such converted notes, as the case may be, upon any conversion of such notes, with such reduction or offset subject to a cap.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of Alteryx Class A common stock, if any, into which the notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offers of the notes will be made only by means of a private offering memorandum.
The notes and any shares of Alteryx Class A common stock issuable upon conversion of the notes have not been registered under the Act, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
Use of forward looking statements
This press release contains “forward-looking statements” including, among other things, the potential effects of capped call transactions and statements relating to the expected use of proceeds from the offering. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, prevailing market conditions, the anticipated use of the proceeds of the offering, which could change as a result of market conditions or for other reasons the impact of general economic, industry or political conditions in the United States or internationally, and whether the capped call transactions will become effective. We undertake no obligation, and do not intend, to update these forward-looking statements after the date of this release.
Source: Alteryx, Inc.
Investor Contacts
Alteryx, Inc.
Karen Moran,844-842-1912
VP Investor Relations
ir@alteryx.com
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