Tenable prices upsized USD 725 million convertible senior notes offering

Reuters2026/09/11 03:23

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Tenable priced an upsized USD 725 million offering of 0.25% Convertible Senior Notes due 2031 in a Rule 144A private placement.
Deal increased from the previously announced USD 650 million; initial purchasers hold a 13-day option for up to an additional USD 75 million.
Net proceeds seen at about USD 705.6 million; about USD 778.8 million if the option is exercised in full.
Proceeds earmarked for USD 58.1 million capped call costs, a USD 170.5 million share repurchase, term-loan repayment, general corporate purposes.
Notes convert at 22.3005 shares per USD 1,000, implying an initial conversion price of about USD 44.84; capped call cap price set at USD 64.06.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tenable Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609102323PRIMZONEFULLFEED9825089) on September 11, 2026, and is solely responsible for the information contained therein.

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Tenable prices upsized USD 725 million convertible senior notes offering

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