Tenable Plans $650 Million Convertible Notes Offering

07:38 AM EDT, 09/10/2026 (MT Newswires) -- Tenable (TENB) plans to offer $650 million of convertible senior notes due 2031 in a private placement, the company said Thursday. Initial purchasers have a 13-day option to purchase up to an additional $65 million of notes, the company said. The company plans to use the proceeds for capped calls, up to $200 million in share repurchases, debt repayment, and general corporate purposes, it said. The interest rate, conversion rate and other terms will be set at pricing, the company said. Shares of Tenable were down nearly 6% in recent Thursday premarket activity.