BURLINGTON, Mass., May 26, 2021 /PRNewswire/ -- Nuance
Communications, Inc. (Nasdaq: NUAN) (the "Company") today announced
that it entered into privately negotiated agreements with certain
investors to exchange (i) an aggregate of 14.7 million shares
of the Company's common stock and $4.0
million in cash for $354.8
million principal amount of its outstanding 1.00% senior
convertible debentures due 2035 (the "1.00% Convertible
Debentures") held by such investors and (ii) an aggregate of
3.2 million shares of the Company's common stock and $0.5 million in cash for $64.9 million principal amount of its outstanding
1.50% senior convertible debentures due 2035 (the "1.50%
Convertible Debentures") held by such investors (collectively, the
The Exchanges are expected to close on or about May 28, 2021. Following the Exchanges, an
aggregate of $321.7 million principal
amount of 1.00% Convertible Debentures and $162.5 million principal amount of 1.50%
Convertible Debentures (including $118.3
million surrendered for conversion and pending settlement)
will remain outstanding.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any offer, solicitation or sale of any security, in any
jurisdiction in which such offering, solicitation or sale would be
About Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is a technology
pioneer with market leadership in conversational AI and ambient
intelligence. A full-service partner trusted by 77 percent of U.S.
hospitals and 85 percent of the Fortune 100 across the globe, we
create intuitive solutions that amplify people's ability to help
Trademark reference: Nuance and the Nuance logo are
registered trademarks or trademarks of Nuance Communications, Inc.
or its affiliates in the United
States and/or other countries. All other trademarks
referenced herein are the property of their respective
Safe Harbor and Forward-Looking Statements
This communication contains certain forward-looking statements
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995 with
respect to the proposed Exchanges. These forward-looking statements
generally are identified by the words "believe," "project,"
"predicts," "budget," "forecast," "continue," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "could," "should," "will," "would,"
"will be," "will continue," "will likely result," and similar
expressions (or the negative versions of such words or
expressions). Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to the
risk that the Exchanges may not be completed in a timely manner or
at all. In addition, please refer to the documents that the Company
files with the SEC on Forms 10-K, 10-Q and 8-K. These filings
identify and address other important risks and uncertainties that
could cause events and results to differ materially from those
contained in the forward-looking statements set forth in this press
release. Forward-looking statements speak only as of the date they
are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and the Company assumes no obligation
and do not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
Nuance Communications, Inc.
Nuance Communications, Inc.
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SOURCE Nuance Communications, Inc.