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The latest announcement is out from Alteryx (AYX).
Following the completion of a merger, a significant credit agreement was established providing a mix of term and revolving loan facilities totaling nearly $2 billion. Additionally, changes were made to existing financial instruments, including the conversion of convertible notes into units of reference property rather than stock. Shareholders of the merged company now have the right to receive a set cash amount per share, with various conditions applied to stock options and restricted stock units. The company also initiated steps to delist from the NYSE and terminate its registration under the Exchange Act. Concurrently, the company’s corporate documents were amended, and a tender offer was made for the repurchase of senior notes due to the merger’s classification as a “Fundamental Change.”
Learn more about AYX stock on TipRanks’ Stock Analysis page.
