SentinelOne prices $1.25 billion convertible notes offering

SentinelOne priced $1.25B of 0% convertible notes due 2031, with an initial conversion price of ~$31.21. Net proceeds of ~$1.224B are expected, with ~$131.6M for capped calls and ~$150M for share repurchases, according to the company.

SentinelOne (S) shares fell 2.9% after announcing a $1.25B convertible note offering, potentially diluting shareholders. The company's stock is volatile, up 70.2% YTD, near its 52-week high. The offering may increase share count, impacting existing investors.

SentinelOne Inc. (NYSE:S) shares fell 8.42% to $23.50 after announcing a proposed $1.25 billion convertible note offering due 2031. The company plans to use proceeds for capped call transactions, up to $150 million in share buybacks, and general corporate purposes. The notes may be converted into cash, shares, or a combination. Additionally, SentinelOne is exploring a $400 million revolving credit facility.

SentinelOne's shares dropped 7% after announcing a $1.25B convertible notes offering due in 2031. Proceeds will fund corporate purposes, potential acquisitions, and a $150M share buyback. The company also plans capped call transactions to limit dilution. The offering may increase to $1.44B if additional notes are purchased. Separately, SentinelOne is discussing a $400M revolving credit facility.

SentinelOne plans to offer $1.25B in senior convertible notes due 2031. The company intends to use the proceeds to pay the cost of entering into capped call transactions and for general corporate purposes, according to the announcement.

SentinelOne plans to offer $1.25B of 0% convertible notes due 2031, with an option for $187.5M more. Proceeds will fund capped call transactions, share buybacks, and general corporate purposes. Shares fell over 8% in pre-market trading.