Alteryx extends expiration of change-of-control offer by one week

By Marisa Wong

Los Angeles, April 23 – Alteryx, Inc. is extending the expiration date of its March 28 offer to purchase for cash any and all of its outstanding $450 million 8¾% senior notes due 2028 (Cusip: 02156BAG8, U02077AA0), according to a press release.

The change-of-control offer will now expire at 5 p.m. ET on May 2, extended from 5 p.m. ET on April 25.

Tenders may be withdrawn at any time prior to the expiration time.

The purchase price under the change-of-control offer is 101 plus accrued interest.

On March 19, Azurite Intermediate Holdings, Inc. acquired Alteryx, constituting a change of control. Following the occurrence of a change of control and a ratings event, which together make a change-of-control triggering event, the indenture requires the issuer to make a cash offer to purchase the notes.

A change-of-control offer may be made in advance of a change-of-control triggering event. This offer is conditioned on the occurrence of a change-of-control triggering event, and the company previously said it plans to have the purchase date promptly follow the occurrence of the event and to extend the expiration time of the offer until such an event occurs.

The offer is not conditioned upon any minimum principal amount of notes being tendered.

D.F. King & Co., Inc. (866 342-4884, 212 269-5550 for banks and brokers; alteryx@dfking.com) is the information and tender agent.

Alteryx is an Irvine, Calif.-based computer software company. The parent company is based in Santa Monica, Calif.

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