SentinelOne said it plans to raise $1.25 billion through a private placement of convertible senior notes due 2031, with an option for buyers to purchase an additional $187.5 million of notes.
The company said it intends to use the proceeds to fund capped call transactions, repurchase up to $150 million of its Class A shares at the time of pricing, and put the remainder toward general corporate purposes, including working capital, capital spending, additional buybacks, and possible acquisitions or strategic investments.
If the full $1.25 billion is sold, SentinelOne would have $1.10 billion left after the planned $150 million share repurchase before accounting for capped call costs and other uses. If the additional $187.5 million option is exercised, the total offering could rise to $1.4375 billion.
SentinelOne also said it is in talks over a separate $400 million secured revolving credit facility, though no agreement has been signed. The market has reacted to these announcements by moving the company's shares 2.41% to a price of $23.37. For more information, read the company's full 8-K submission here.
