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Pega Announces Repayment of Convertible Senior Notes at Maturity

1. Pegasystems repaid $469.6 million of Convertible Senior Notes early. 2. This repayment strengthens Pega's financial position moving forward.

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FAQ

Why Bullish?

Early repayment of notes indicates strong cash flow. Historical trends show debt reduction often results in positive stock performance.

How important is it?

Debt repayment is a positive operational move, reflecting financial health which can attract investors.

Why Short Term?

Investor sentiment is likely to react quickly to debt repayment news, affecting share price in the near term.

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CRMADBENOW
WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (“Pega” or “the Company”) (NASDAQ: PEGA), The Enterprise Transformation Company™, today announced it has repaid in full the outstanding 0.75% Convertible Senior Notes (the “Convertible Notes”) due March 1, 2025 for a cash payment of $469.6 million. The Convertible Notes, which were issued in February 2020 for an aggregate principal amount of $600 million, provided Pega with critical capital at a time when Pega was shifting from a traditional sof.

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