Tenable proposes $650 million in convertible debt and a concurrent buyback
Tenable ($TENB) proposed a private placement of $650 million in convertible senior notes due in 2031, with an option for initial purchasers to buy another $65 million. The company plans to use the financing for several purposes, including repayment of its term loan, capped-call transactions and up to $200 million in concurrent common-share repurchases. The coupon and initial conversion terms had not been set in the announcement, so the final borrowing cost and potential conversion dilution remai
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