Everbridge, Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions

Everbridge, Inc.

$375 Million 12/11/2019 Technology, Media & Telecom Complete
Show Tombstone

Transaction Details

• On December 11, 2019, Everbridge, Inc. (EVBG) announced the pricing of $375 million aggregate principal amount of 0.125% Convertible Senior Notes due 2024 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended

− The Notes will bear interest at a rate of 0.125% per year, payable semiannually in arrears on June 15 and December 15 of each year, beginning on June 15, 2020

• The initial conversion rate for the Notes is 8.8999 shares of EVBG common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $112.36 per share of common stock)

− The initial conversion price of the Notes represents a premium of approximately 35.0% to the last reported sale price of EVBG common stock on December 10, 2019

• Everbridge intends to use net proceeds from the offering:

− To pay the cost of capped call transactions related to the Notes offering

− To repurchase a portion of Everbridge’s existing 1.50% Convertible Senior Notes due 2022 (the “2022 Notes”) through privately negotiated transactions, and to repurchase the remaining 2022 Notes when they become redeemable in November 2020

− For general corporate purposes, including potential future acquisitions

About the company

Everbridge, Inc.
Everbridge, Inc. (Nasdaq: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running.

Sources: Transaction press release and Offering Memorandum
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

  2. The offering of the convertible notes was made only by means of an offering memorandum in a private offering to qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933). The notes and the shares of the Company’s common stock issuable upon conversion of the notes, if any, have not been registered under the Securities Act of 1933 or any state securities laws and the Company does not intend to file a shelf registration statement for resale of the notes or such common stock, if any.