Cloud Software Group increases tender offer price for 2029 senior secured notes

Cloud Software Group has amended its previously announced cash tender offer for its 9.00% senior secured second lien notes maturing in 2029. The company increased the consideration offered to noteholders to $1,022.50 for every $1,000 of principal, up from the original offer of $1,017.50.

Beyond the increased purchase price, noteholders will receive accrued and unpaid interest up to the settlement date. The offer remains capped at an aggregate principal amount of $2 billion, subject to the conditions outlined in the original documentation.

The expiration date for the tender offer remains unchanged, set for November 9, 2026, at 5:00 p.m. New York City time. Citigroup Global Markets is acting as the dealer manager, with Global Bondholder Services Corporation serving as the tender and information agent.