Red Hat announced plans to sell $400 million in debt offerings on Monday. By Wednesday, investors scooped up all that — plus $100 million in over-allotment, according to wire service reports.

Red Hat stock (Nasdaq: RHAT) closed at $18.59 on Wednesday, down 11 cents.

The company said the money would be used for expansion, possible acquisitions and product development.

The debt was priced at $25.59 per share and is due in 2024.
The offering was not expected to close until Jan. 12.

Red Hat: www.redhat.com