Attached files
file | filename |
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8-K - 8-K - BROADSOFT, INC. | w83216e8vk.htm |
EX-4.1 - EXHIBIT 4.1 - BROADSOFT, INC. | w83216exv4w1.htm |
Exhibit 99.1
BroadSoft, Inc. Announces Closing
of $120 million of Convertible Senior Notes
of $120 million of Convertible Senior Notes
Gaithersburg, MD (June 20, 2011) BroadSoft, Inc. (NASDAQ: BSFT) announced today that it has
completed its previously announced private offering of $120 million aggregate principal amount of
its 1.50% convertible senior notes due 2018, which includes its offering of $100 million aggregate
principal amount of its notes and an additional $20 million aggregate principal amount of its notes
that were sold pursuant to the exercise of the initial purchasers option to purchase additional
notes. The notes were sold to qualified institutional buyers pursuant to Rule 144A of the
Securities Act of 1933, as amended (the Securities Act). The net proceeds from the offering,
after deducting the initial purchasers discount and the estimated offering expenses payable by
BroadSoft, were approximately $115.7 million.
The notes are senior unsecured obligations of BroadSoft. BroadSoft intends to use the net proceeds
of the offering for general corporate purposes, including potential acquisitions of complementary
businesses, products or technologies.
The notes have not been and will not be registered under the Securities Act or applicable state
securities laws, and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Securities Act and applicable state
securities laws. This press release is issued pursuant to Rule 135c under the Securities Act and
shall not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall
there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful.
Contact Information
For further information contact:
Investor Relations:
Monica Gould
+1-212-871-3927
monica@blueshirtgroup.com
For further information contact:
Investor Relations:
Monica Gould
+1-212-871-3927
monica@blueshirtgroup.com
Industry Analyst / Media Relations:
Sarah ONeill
Mi Liberty
+44 (0) 207 751 4444
soneill@miliberty.com
Sarah ONeill
Mi Liberty
+44 (0) 207 751 4444
soneill@miliberty.com
Media Contact:
Elaine Myada
+1-240-720-9558
emyada@broadsoft.com
Elaine Myada
+1-240-720-9558
emyada@broadsoft.com