Aug. 25 at 2:25 PM
$VRNT was in pretty bad shape. It had
$100 million from its revolver and
$315 million due in April 2026.
The
$315 million was a convertible note at 0.25% interest, so they'd probably have to do a bad/dilutive/high interest deal to roll the 2026 notes.
Maybe 10% interest? Add 30 million interest expense and not great for VRNT.