India, June 5 -- CyberArk Software Ltd. (CYBR) announced the pricing of $1.1 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering. The offering size was increased from the previously announced offering size of $750.0 million aggregate principal amount of Notes.
CyberArk has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on June 10, 2025 subject to customary closing conditions.
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The Notes will not bear regular interest, and the principal amou...