Cloud Software Group initiates $2 billion debt tender offer

Cloud Software Group Holdings, Inc. is moving to retire a portion of its outstanding debt, announcing a cash tender offer for its 9.00% senior secured second lien notes maturing in 2029. The company has set the offer price at $1,017.50 per $1,000 of principal.

The tender offer is capped at an aggregate principal amount of $2 billion. If the volume of notes tendered exceeds this threshold, the company will apply a pro-ration process to determine the accepted amounts. Any debt acquired through this process will be retired and canceled upon settlement.

The offer period is scheduled to expire on November 9, 2026, though Cloud Software Group retains the right to extend or terminate the process early. Successful participants will receive the set consideration plus accrued and unpaid interest up to the settlement date.