DUBLIN, Calif., Aug. 29, 2023 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET) ("TriNet," the "Company" or "our") announced today the preliminary results of its fixed price tender offer (the "Tender Offer") to repurchase for cash up to 5,981,308 shares of its common stock (representing approximately $640 million in value of shares) at a price of $107.00 per share (the "Purchase Price"), less any applicable withholding taxes and without interest, using a combination of cash on hand and the net proceeds of the private offering by the Company of $400 million in aggregate principal amount of its 7.125% senior notes due 2031, which was completed on August 16, 2023. The Tender Offer expired at 12:00 midnight, New York City time, at the end of the day on August 28, 2023 (the "Expiration Date").
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