Dynatrace prices $1.25B exchangeable notes

Dynatrace — Dynatrace LLC, Inc. announced that its indirect wholly-owned subsidiary, Dynatrace — Dynatrace LLC, priced a private placement of $1.25 billion aggregate principal amount of 0.00% Exchangeable Senior Notes due 2031. The notes are exchangeable at an initial exchange rate of 15.5585 shares of Dynatrace — Dynatrace LLC common stock per $1,000 principal amount. The company granted initial purchasers an option to buy up to an additional $187.5 million of notes. The offering is expected to generate approximately $1.227 billion in net proceeds, of which about $145.9 million will fund exchangeable note hedge transactions and about $134.7 million will be used to repurchase approximately 2.83 million shares of common stock from certain purchasers. The sale is expected to settle on August 20, 2026. In pre-market trading, Dynatrace — Dynatrace LLC shares traded around $48.00, up 0.85% on the New York Stock Exchange.