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FINWIRES

Dynatrace Plans $1.25 Billion Private Debt Offering

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Dynatrace (DT) unit Dynatrace LLC plans a $1.25 billion private placement of exchangeable senior unsecured notes due Sept. 1, 2031, the company said Monday.

The company plans to grant an overallotment option to the initial purchasers to buy up to an additional $187.5 million of notes.

The company expects to use up to $200 million of the net proceeds to repurchase common shares from certain buyers of the notes, among other things, Dynatrace said.

The company's shares were down 1.3% in premarket activity.

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