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Bentley Systems Repays $678M Convertible Debt, Easing Dilution Fears

Bentley Systems Repays $678M Convertible Debt, Easing Dilution Fears

Published:
2026-01-15 22:13:01
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BTCCSquare news:

Bentley Systems has retired $678 million in convertible notes due 2026, utilizing cash reserves and credit facilities. The repayment reduces fully diluted shares by approximately 3%, or over 10 million shares, while maintaining net leverage at 2.2x. The company retains $700 million in available credit capacity for operational needs and potential acquisitions.

CFO Werner Andre emphasized the transaction aligns with Bentley's leverage targets, leaving $575 million in convertible notes maturing in 2027 outstanding. The MOVE signals prudent balance sheet management as markets continue evaluating the software firm's financial positioning.

|Square

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