SentinelOne Announces Pricing of Offering of $1.25 Billion of 0.00% Convertible Senior Notes Due 2031
SentinelOne priced $1.25 billion of 0.00% Convertible Senior Notes due 2031 in a Rule 144A private placement, with a $187.5 million initial purchasers' option; settlement is expected October 16, 2026. The initial conversion price is approximately $31.21 per share, a 30% premium over the $24.01 close on October 13, 2026, and capped call transactions raise the effective conversion premium to a $48.02 cap price (100% premium).
Key figures
- Deal Value Usd
- 1250000000
- Coupon
- 0.00%
- Maturity
- 2031-10-01
- Cap price
- 48.02
- Greenshoe
- $187.5 million
- Net proceeds
- $1,224 million
- Buyback amount
- $150.0 million
- Buyback shares
- approximately 6.2 million
- Last sale price
- 24.01
- Capped call cost
- $131.6 million
- Conversion price
- 31.21
- Conversion premium
- 30.0%
- Net proceeds full option
- $1,408 million
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.