Tenable plans private placement of USD 650 million convertible senior notes due 2031
TENB•Use of proceeds and note terms
Proceeds are earmarked for capped call transactions, up to USD 200 million of concurrent share repurchases, repayment of term loans, and general corporate uses.
The notes are to be senior unsecured obligations with semiannual interest. Conversion is expected to settle principal in cash, with any remaining value to be settled in cash, stock, or both.
Private placement of convertible senior notes
Tenable launched a private placement of USD 650 million Convertible Senior Notes due 2031 under Rule 144A.
The deal includes an option for initial purchasers to buy up to an additional USD 65 million of notes within 13 days.
