Alteryx Bondholders Rebuff Debt Tender, Weigh Default Notice

Alteryx Inc. bondholders are balking at the company’s offer to buy back debt and at least some are considering whether they could send a notice of default to the cloud software firm, according to people with knowledge of the matter.

Holders of just 5.52% of the company’s 8.75% senior unsecured notes due 2028 participated in a buyback offer that expired Thursday evening, according to a statement from the company. Alteryx has extended the tender until March 28 and will continue to offer 101.25 cents on the dollar for each bond.

That’s a price that bondholders have deemed too low, even ...