Tenable Holdings Announces Private Placement Of $650M Of Convertible Senior Notes Due 2031
Tenable also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $65.0
Tenable is borrowing $650 million by selling special bonds that can turn into stock later. When a company borrows money this way, watch whether they use it wisely to grow the business or if it makes their debt load too heavy.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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