PTC Announces Pricing of $500 Million of 6.0% Senior Notes Due 2024

NEEDHAM, Mass.--()--PTC (Nasdaq: PTC) today announced that it has set the price for the public offering of $500 million aggregate principal amount of its 6.0% Senior Notes due 2024 (the “Notes”). PTC intends to use the net proceeds of this offering, after the payment of fees and expenses, to repay a portion of the amounts outstanding under its bank credit facility. The offering is expected to close on May 12, 2016, subject to customary closing conditions.

J.P. Morgan Securities LLC is acting as book-running manager for the offering. Barclays Capital Inc., Fifth Third Securities, Inc., HSBC Securities (USA) Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., RBC Capital Markets, LLC, RBS Securities Inc., Santander Investment Securities Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, The Huntington Investment Company and U.S. Bancorp Investments, Inc. are acting as co-managers for the offering.

The Notes will be issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on Form S-3. The offering is being made only by means of a prospectus supplement and accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may also be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling (866) 803-9204.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements
This press release includes “forward-looking statements” about PTC’s offering of senior notes and intended use of proceeds of the offering. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the results indicated in the forward-looking statements. Those risks and uncertainties include uncertainties relating to market conditions for corporate debt securities generally and for the securities of companies in our industry and for PTC in particular. There can be no assurance as to the completion, timing or size of the proposed offering. Additional information about these and other risk factors can be found in PTC's filings with the SEC, including Item 1A (“Risk Factors”) of PTC’s Annual Report on Form 10-K for the fiscal year ended September 30, 2015, and under the heading "Risk factors" of the prospectus supplement for this offering.

About PTC

PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 28,000 businesses worldwide to generate a product or service advantage.

PTC, the PTC logo, and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.

Contacts

PTC
Investor Contacts:
Tim Fox, 781-370-5961
tifox@ptc.com
or
Jason Howard, 781-370-5087
jahoward@ptc.com

Contacts

PTC
Investor Contacts:
Tim Fox, 781-370-5961
tifox@ptc.com
or
Jason Howard, 781-370-5087
jahoward@ptc.com