Tenable Holdings, Inc. completed a private offering of $800 million aggregate principal amount of 0.25% Convertible Senior Notes due 2031 on September 15, 2026, including the full exercise of the initial purchasers' option to purchase an additional $75 million. The notes mature on September 15, 2031, with interest payable semiannually in arrears beginning March 15, 2027. The initial conversion rate is 22.3005 shares per $1,000 principal amount, equivalent to a conversion price of approximately $44.84 per share, representing a 40% premium over the September 10, 2026 closing price of $32.03. Net proceeds were approximately $778.8 million after deducting discounts and offering expenses. Tenable used these funds to pay approximately $64.1 million for capped call transactions, repurchase approximately $170.5 million of common stock concurrently with pricing, and fully repay term loans under its existing credit agreement, which was terminated effective September 15, 2026. The company operates in the cybersecurity industry, providing exposure management platforms to protect enterprises from security risks.

Tenable Holdings, Inc. reported financial results for the quarter ended June 30, 2026, announcing revenue of $268.5 million, representing an 8.6% year-over-year increase. The company achieved a GAAP operating margin of 4.6% and raised its full-year outlook, projecting 2026 revenue between $1.075 billion and $1.081 billion. Tenable also repurchased 5.2 million shares for $100.0 million during the quarter. The company operates in the cybersecurity industry, providing exposure management solutions.