Zscaler (ZS) Announces Proposed $1.5B Convertible Senior Offering
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Zscaler Announces Proposed Offering of $1.5 Billion of Convertible Senior Notes Due 2028
June 30, 2025 6:58 AM EDTSAN JOSE, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS) today announced that it intends to offer $1.5 billion aggregate principal amount of its convertible senior notes due 2028 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Zscaler also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $225 million aggregate principal amount of notes. The offering is subject to market and other... More
