 BEDFORD, Mass., April 08, 2021 GLOBE NEWSWIRE -- Progress Software Corporation NASDAQ: PRGS Progress today announced the pricing of its private offering of 325.0 million aggregate principal amount of 1.00 Convertible Senior Notes due 2026 the Notes to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended the Securities Act. Progress also granted the initial purchasers of the Notes an option to purchase up to an additional 50.0 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued. The aggregate principal amount of the offering was increased from the previously announced offering size of 300.0 million or 345.0 million if the initial purchasers exercise their option to purchase additional notes in full. The sale of the Notes is expected to close on April 13, 2021, subject to customary closing conditions. 