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Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item
Published on 1/29/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

PTC to redeem $500 million 6% senior notes due 2024 via new notes

By Sarah Lizee

Olympia, Wash., Jan. 29 – PTC Inc. plans to redeem all $500 million of its outstanding 6% senior notes due 2024 on May 15 using proceeds from new notes, according to a press release.

PTC is expected to price $750 million of senior notes (expected ratings Ba3/BB) on Friday.

The redemption price will include a premium and accrued interest.

The software company is based in Boston.


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