Guidewire Software, Inc.
Guidewire Software Announces Partial Retirement of Convertible Senior Notes
Summary
On December 17, 2024, Guidewire Software, Inc. completed a partial retirement of its outstanding 1.25% Convertible Senior Notes due March 2025, retiring approximately $100.0 million in principal for approximately $153.5 million in cash consideration, including accrued interest. This transaction resulted in approximately $53.2 million being recorded in other income (expense) during the second quarter of fiscal year 2025, excluded from non-GAAP financial measures. Following this partial retirement, approximately $179.1 million in principal amount of the 2025 Notes remains outstanding.
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About Guidewire Software, Inc.
Guidewire Software, Inc. is a technology company specializing in software solutions aimed at the insurance industry. Its primary function is to equip property and casualty insurance markets worldwide with flexible and scalable software solutions that streamline operations. Guidewire’s platform integrates core system software with analytics and digital engagements, offering modules like policy administration, billing, and claims management. This enables insurers to enhance their service delivery and reduce operational costs by transitioning away from legacy systems. Serving sectors such as health, auto, and home insurance, Guidewire’s platform is instrumental in modernizing and automating insurance processes, helping companies improve customer experience and operational efficiency. With its headquarters in San Mateo, California, Guidewire Software stands as a pivotal player in driving the digital transformation of the insurance sector, responding to evolving demands with innovative software solutions.
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