Informatica greenshoe exercised, upping 3% convertibles to $230 million

By Angela McDaniels

Seattle, March 14 - Informatica Corp. said the underwriters of its offering of 3% convertible senior notes due 2026 exercised their $30 million over-allotment option in full, bringing the size of the deal to $230 million.

The company priced $200 million of the convertibles on March 8 at par with an initial conversion premium of 29.28%.

UBS Investment Bank was the bookrunner for the Rule 144A deal.

The Redwood City, Calif.-based developer of data integration software for businesses said it plans to use up to $50 million of the offering's $224.3 million net proceeds to buy back its own shares. The rest of the proceeds will be used for working capital and for general corporate purposes, which may include acquisitions and strategic investments.

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