comScore, Inc. (OTCPK:SCOR) announced that it has entered into an agreement for a private placement of senior secured convertible notes due 2022 for gross proceeds of $85 million on January 16, 2018. The round included participation from Starboard Value and Opportunity S LLC and Starboard Value And Opportunity C LP, that are funds managed by existing investor Starboard Value LP, along with Starboard Value & Opportunity Master Fund Ltd, a fund co-managed by Starboard Value LP and Ramius, LLC. Starboard Value LP also invested on a standalone basis. The company also issued 250,000 warrants, exercisable at a price of $0.01 for a period of five years. The notes will carry an interest rate of a minimum of 6% per annum during the first year and a minimum of 4% per annum in subsequent years, and will mature on January 16, 2022. The interest rate may be increased to a maximum of 12% per year in the event that the conversion premium is more than 30% relative to the average common stock price over the above 10-day period, or under certain other circumstances. The notes are guaranteed by certain of the company's direct and indirect wholly-owned domestic subsidiaries, and are secured by a first lien security interest on its and the guarantors' assets, subject to certain exceptions. The notes are convertible into common shares at a conversion premium of 30% to the volume-weighted average trading prices of its common stock over the 10 trading days beginning on the date hereof and ending on January 29, 2018, subject to a conversion price floor of $28 per share.