SentinelOne Plans to Offer $1.25 Billion Convertible Senior Notes

07:34 AM EDT, 10/13/2026 (MT Newswires) -- SentinelOne (S) plans to raise $1.25 billion through a private offering of 0% convertible senior notes due 2031 to qualified buyers the company said Tuesday. Initial purchasers are expected to be granted an option to purchase up to an additional $187.5 million of the notes. The company also expects to enter into privately negotiates capped call transactions with certain initial purchasers. SentinelOne said it plans to use the net proceeds from the offering to fund the cost of privately negotiated capped call transactions and repurchase up to $150 million of its class A shares. Additionally, the company plans to use a portion of proceeds for general corporate purposes, additional share buybacks, working capital, capital expenditures, and potential acquisitions, strategic transactions, or investments. SentinelOne said it is also negotiating a $400 million secured revolving credit facility with potential lenders.