Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PROOFPOINT, INC.

(PFPT)
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Proofpoint Announces Occurrence of Fundamental Change and Make-Whole Fundamental Change Under 0.25% Convertible Senior Notes due 2024

09/08/2021 | 01:01pm EDT

SUNNYVALE, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. ("Proofpoint"), a leading cybersecurity and compliance company, today announced that the acquisition by Thoma Bravo, a leading software investment firm, of Proofpoint constitutes a "fundamental change" and a "make-whole fundamental change" under the indenture (the "Indenture") governing Proofpoint's 0.25% convertible senior notes due 2024 (the "Notes"). Thoma Bravo's acquisition of Proofpoint was completed on August 31, 2021, which is the effective date of the fundamental change and make-whole fundamental change.

Proofpoint has designated the Fundamental Change Purchase Date (as defined in the Indenture) as September 24, 2021 (the “Fundamental Change Purchase Date”). At any time prior to the close of business on the business day immediately preceding the Fundamental Change Purchase Date, holders of the Notes may elect to have Proofpoint repurchase their Notes on the Fundamental Change Purchase Date at a purchase price equal to 100% of the principal amount of the Notes tendered for purchase, plus accrued and unpaid interest thereon to, but excluding, the Fundamental Change Purchase Date. In addition, holders of the Notes have the right to convert each $1,000 principal amount of their Notes into a cash amount equal to the conversion rate (6.4941 units of Reference Property (as defined in the Indenture)) plus the additional shares (0.7264 units of Reference Property), multiplied by $176.00 (the per share merger consideration payable to shareholders in connection with Thoma Bravo's acquisition of Proofpoint), at any time up to, and including, October 20, 2021. All conversions of Notes will be settled in cash.

Additional information on the procedures for tendering Notes for repurchase or converting Notes is available in the notice, dated August 31, 2021, provided to holders of the Notes.

About Proofpoint, Inc.

Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. All other trademarks contained herein are the property of their respective owners.

Contact Information:

Proofpoint:

Media Contact:
Kristy Campbell
Proofpoint, Inc.
408-517-4710
kcampbell@proofpoint.com

 


Primary Logo


© GlobeNewswire 2021
All news about PROOFPOINT, INC.
10/18EXCLUSIVE : Email security software vendor Zix explores sale - sources
RE
10/01PROOFPOINT : Named Best Overall Enterprise Email Security Solution Provider of the Year
GL
09/14PROOFPOINT : How to Implement People-Centric DLP for Office 365
PU
09/09PROOFPOINT : Countermeasures for Ransomware
PU
09/08Proofpoint Announces Occurrence of Fundamental Change and Make-Whole Fundamental Change..
GL
09/08ADVANCE FEE FRAUD : The Emergence of Elaborate Crypto Schemes
PU
09/03PROOFPOINT : Why Building a Security Culture at Your Company Matters and How to Start
PU
09/02PROOFPOINT : What the Biggest and Boldest Insider Threat Incidents Can Teach Us
PU
09/01PROOFPOINT, INC.(NASDAQGS : PFPT) dropped from S&P Software & Services Select Industry Ind..
CI
09/01PROOFPOINT, INC.(NASDAQGS : PFPT) dropped from S&P Global BMI Index
CI
More news
Analyst Recommendations on PROOFPOINT, INC.
More recommendations
Financials (USD)
Sales 2021 1 248 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 10 160 M 10 160 M -
Capi. / Sales 2021 8,14x
Capi. / Sales 2022 6,92x
Nbr of Employees 3 658
Free-Float 96,0%
Chart PROOFPOINT, INC.
Duration : Period :
Proofpoint, Inc. Technical Analysis Chart | PFPT | US7434241037 | MarketScreener
Income Statement Evolution
Managers and Directors
Gary Leigh Steele Chairman & Chief Executive Officer
Paul R. Auvil Chief Financial & Accounting Officer
Marcel DePaolis Chief Technical Officer
Lyn Campbell SVP-Global Operations & Information Technology
Robert Darren Lee EVP, GM-Compliance & Digital Risk Business Unit
Sector and Competitors
1st jan.Capi. (M$)
PROOFPOINT, INC.28.95%10 160
ACCENTURE PLC35.44%223 468
TATA CONSULTANCY SERVICES LTD.22.22%172 636
INTERNATIONAL BUSINESS MACHINES CORPORATION1.95%114 621
SNOWFLAKE INC.20.75%102 240
INFOSYS LIMITED36.95%96 134