Tenable plans private placement of USD 650 million convertible senior notes due 2031
TENB•Conversion terms
The notes convert with cash settlement for principal, with the remaining value payable in cash, shares, or a mix.
Planned use of proceeds
Planned uses include capped call costs, up to USD 200 million in share repurchases, repayment of term loans, and general corporate purposes.
Tenable launches private placement of convertible notes
Tenable launched a private placement of USD 650 million Convertible Senior Notes due 2031, with an option for USD 65 million more.
Total potential issuance would be USD 715 million if the 13-day option is exercised.
