Tenable Holdings, Inc. Announces Pricing of Upsized $725.0 Million Offering of Convertible Senior Notes

manilatimes.net · 2026-09-11

COLUMBIA, Md., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (Nasdaq: TENB) ('Tenable”), the exposure management company, announced today the pricing of $725.0 million aggregate principal amount of 0.25% Convertible Senior Notes due 2031 (the 'notes”) in a private placement (the 'offering”) only to persons reasonably believed to be 'qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act”). The offering was upsized from the previously announced offering size of $650.0 million aggregate principal amount of the notes. Tenable has also granted 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 $75.0 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to close on September 15, 2026, subject to customary closing conditions.

TickrTrends take: Tenable Holdings announced a $725 million convertible senior notes offering, representing a significant capital raise that could impact the company's balance sheet and future financial metrics. TickrTrends currently rates TENB as undervalued within the Technology sector, suggesting the market may not fully reflect the company's financial position or growth prospects. Investors focused on valuation should monitor how the company deploys this capital and whether it meaningfully affects earnings per share or other key metrics used in valuation assessments.

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