Cornerstone OnDemand Looks To Raise $220M In Debt

Cornerstone OnDemand, the developer of software-as-a-service for talent management and human resources, is raising $220M in a debt funding, the firm said today. The company said it is offering up $220M in an offering of convertible senior notes, due in 2018. The publicly held company said it would use the new funds for general corporate purposes.