Verint Systems Inc. , in connection with the completion of the previously announced investment from funds advised by Apax Partners, announced the completion of several enhancements to its capital structure (collectively “Capital Structure Transactions”).

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• The closing of the second tranche under the two-tranche investment agreement with funds advised by Apax Partners signed in December 2019 with a conversion price of $50.25 (“Apax Investment”);
• The closing of a $315 million convertible notes offering and entry into capped call transactions which brought the effective conversion price of the convertible notes to $100.00 per share;
• The repurchase of approximately 1.06 million shares of common stock, as part of the previously announced share repurchase program; and
• The repayment of approximately $260 million of its term loan facility.