 BEDFORD, Mass., April 07, 2021 GLOBE NEWSWIRE -- Progress Software Corporation NASDAQ: PRGS Progress today announced that it intends to offer, subject to market and other conditions, 300.0 million aggregate principal amount of Convertible Senior Notes due 2026 the Notes, to be sold only 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 expects to grant to the initial purchasers of the Notes an option to purchase up to an additional 45.0 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. 