Tenable to Offer $650 Million Convertible Notes Due 2031
Tenable plans to offer $650.0 million of convertible senior notes due 2031 in a private placement to qualified institutional buyers. The company will pair the offering with capped calls, intends to repay debt, and may conduct share buybacks of up to $200 million. It also plans an option to issue up to an additional $65.0 million of notes.