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Q2 Holdings issues $230M of senior notes

Q2 Holdings Inc. issued $230 million of 0.75% convertible senior notes due Feb. 15, 2023, in a private placement.

The company issued $200 million, and initial purchasers on Feb. 22 exercised in full a 13-day option to purchase up to an additional $30 million of the notes on the same terms and conditions.

Interest is payable in cash on Feb. 15 and Aug. 15, beginning Aug. 15. Net proceeds from the offering were approximately $223 million, after deducting the initial purchasers' discount and estimated offering expenses.