Alarm.com Holdings, Inc. (NasdaqGS:ALRM) will look for acquisitions. Alarm.com announced that it intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of Convertible Senior Notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Alarm.com expects to use the net proceeds from the offering to repay all outstanding borrowings under, and terminate, its credit agreement and for working capital and other general corporate purposes. Alarm.com may use a portion of the proceeds from the offering for acquisitions or strategic investments in complementary businesses or technologies, although it does not currently have any plans for any such acquisitions or investments.
Alarm.com Holdings, Inc. is focused on providing a platform for the intelligently connected property. The Companyâs cloud-based platform offers Internet of Things (IoT) solutions across residential, multi-family, small business and enterprise commercial markets. The Company operates through two segments Alarm.com and Other. The Alarm.com segment represents its cloud-based and Software platforms for the intelligently connected property and related solutions. The Other segment is focused on researching, developing and offering residential and commercial automation solutions and energy management products and services in adjacent markets. The Companyâs platform integrates with a range of Internet of things devices through its apps and interfaces. Its solutions include security, video and video analytics, energy management, access control, electric utility grid management, indoor gunshot detection, water management, health and wellness and data-rich emergency response.
ALARM.COM HOLDINGS, INC. 
