PTC $500 Million
|Deal Type||Debt Capital Markets|
|Client & Transactional Partners||PTC||Our Role||Co-Manager|
PTC Inc. (“PTC” or the “Company”) priced $1.0 billion of Senior Notes in 5-year and 8-year tranches: $500 million of Senior Notes due 2025 and $500 million of Senior Notes due 2028. The Company plans to use proceeds from the offering to redeem its existing Senior Notes due 2024 and repay Revolver borrowings. KeyBanc Capital Markets acted as Senior Co-Manager on the transaction.