SentinelOne plans $1.25 billion convertible senior notes offering
S•SentinelOne plans a private placement of $1.25 billion in 0% convertible senior notes due 2031, with an option for initial purchasers to buy up to $187.5 million more. Proceeds will fund capped call transactions, up to $150 million in share repurchases and general corporate purposes.
1. Offering details
SentinelOne plans a private placement of $1.25 billion in 0% convertible senior notes due 2031. Initial purchasers can buy up to $187.5 million in additional notes. Proceeds will fund capped call transactions, up to $150 million in concurrent share repurchases and general corporate purposes. The capped calls are expected to reduce potential dilution upon conversion.
