Bentley Systems Inc.
10/14/2025 | Press release | Distributed by Public on 10/14/2025 14:16
Material Event (Form 8-K)
Item 8.01 Other Events.
On October 14, 2025, in accordance with the Indenture (the "Indenture") dated as of January 26, 2021, between Bentley Systems, Incorporated (the "Company") and Wilmington Trust, National Association, as Trustee, relating to the Company's 0.125% Convertible Senior Notes due 2026 (the "Notes"), the Company gave notice to the Trustee, the Conversion Agent and the Holders (each as defined in the Indenture) that the Company elected to change the "Default Settlement Method" (as defined in the Indenture) for conversions of Notes to "Physical Settlement" (as defined in the Indenture). As a result, all conversions of Notes occurring on and after October 15, 2025 will be settled by delivery of shares of the Company's Class B common stock using Physical Settlement in accordance with the Indenture.
Bentley Systems Inc. published this content on October 14, 2025, and is solely responsible for the information contained herein. Distributed via EDGAR on October 14, 2025 at 20:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]