Tenable Holdings, Inc. Announces Pricing of Upsized $725.0 Million Offering of Convertible Senior Notes
Tenable Holdings announced the pricing of $725.0 million in 0.25% Convertible Senior Notes due 2031, upsized from the initially planned $650.0 million offering. The company plans to use net proceeds of approximately $705.6 million to pay for capped call transactions ($58.1 million), repurchase approximately 5.3 million shares ($170.5 million), repay term loans under its credit facility, and for general corporate purposes. The notes have an initial conversion price of $44.84 per share, representing a 40% premium over the stock's closing price of $32.03 on September 10, 2026.