SentinelOne Prices $1.25 Billion of 0% Convertible Notes due 2031

05:02 AM EDT, 10/14/2026 (MT Newswires) -- SentinelOne (S) said Wednesday it priced $1.25 billion of 0% convertible senior notes due 2031 in a private placement. The initial purchasers have an option to buy $187.5 million more within 13 days of issuance, and the sale is due to settle Friday, subject to customary closing conditions, the company said. The notes convert into class A stock at about $31.21 a share, a premium of roughly 30% to the $24.01 closing price on Oct. 13, SentinelOne said. The company expects net proceeds of about $1.22 billion to $1.41 billion to cover $131.6 million of capped call transactions and a $150 million buyback of about 6.2 million shares from note buyers at the Oct. 13 price, with the rest going to general corporate purposes, it said. The capped calls carry a $48.02 cap price per share, a 100% premium to the same Oct. 13 close, it added.