Tenable Prices $725 Million Convertible Notes

03:38 AM EDT, 09/11/2026 (MT Newswires) -- Tenable (TENB) said late Thursday it priced $725 million of 0.25% convertible senior notes due 2031, up from the previously planned $650 million. The company said the initial conversion price is about $44.84 per share, a 40% premium to its last close. Tenable said it expects net proceeds to be $778.8 million if an option for an additional $75 million of notes is fully exercised. The company said it plans to use the proceeds from the offering, expects to close on Tuesday, to repay its term loans, fund about $58.1 million of capped call transactions and repurchase about $170.5 million of its shares. Tenable said the capped call transactions are intended to reduce potential dilution from future note conversions.