SentinelOne Announces Pricing of Offering of $1.25 Billion of 0.00% Convertible Senior Notes Due 2031
Key Highlights
- ➤SentinelOne priced $1.25 billion of 0.00% convertible senior notes due 2031
- ➤Conversion price $31.21 per share, a 30% premium to $24.01
- ➤Net proceeds estimated at approximately $1.224 billion after discounts and expenses
- ➤Company plans approximately $150.0 million share repurchase, representing about 6.2 million shares
- ➤Initial purchasers can buy up to an additional $187.5 million of notes
SentinelOne Announces Pricing of Offering of $1.25 Billion of 0.00% Convertible Senior Notes Due 2031
SentinelOne, Inc. (NYSE: S) (“SentinelOne”) today announced the pricing of $1.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). SentinelOne has also granted the initial purchasers of the notes an option to purchase, for settlement during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $187.5 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on October 16, 2026, subject to customary closing conditions.
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