Dye & Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced the closing of its previously announced bought deal offering (the “Offering“) of common shares (“Common Shares“) and 3.75% convertible senior unsecured debentures of the Company due March 1, 2026 (the “Debentures“). Pursuant to the Offering, the Company issued a total of (i) 3,960,400 Common Shares at a price of $50.50 per Common Share for gross proceeds to the Company of approximately $200 million and (ii) $300 million aggregate principal amount of Debentures at a price of $1,000 per Debenture. The Underwriters have an over-allotment option exercisable for 30 days following the date hereof to purchase up to an additional 540,060 Common Shares at a price of $50.50 per Common Share and $45 million principal amount of Debentures.
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