March 28, 2017 / 9:07 PM / 5 months ago

BRIEF-Carbonite announces proposed private offering of $125 mln of convertible senior notes

March 28 (Reuters) - Carbonite Inc -

* Carbonite announces proposed private offering of $125 million of convertible senior notes

* Says it intends to offer $125 million aggregate principal amount of convertible senior notes due 2022

* Intends to use $40.0 million of net proceeds from offering to repay all amounts outstanding under its revolving credit facility

* Says intends to use up to $20.0 million of net proceeds from this offering to repurchase shares of its common stock Source text for Eikon: Further company coverage:

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