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BRIEF-Cyren announces $6.3 million convertible note offering
March 16, 2017 / 8:28 PM / in 4 months

BRIEF-Cyren announces $6.3 million convertible note offering

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March 16 (Reuters) - Cyren Ltd

* Cyren announces $6.3 million convertible note offering

* Notes will carry a 5.0% interest rate, payable semi-annually in 50% cash and 50% cash or ordinary shares at cyren's election

* Notes will have a 2.5 year term and mature in september 2019

* Notes have conversion price of $2.50 per share, are convertible into 400 ordinary shares per $1,000 principal amount of notes Source text for Eikon: Further company coverage:

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