Rubrik closes $1.15B convertible note offering; proceeds to repay debt and fund capped calls

Rubrik, Inc.

Issued $1.15B aggregate principal amount of 0.00% Convertible Senior Notes due 2030, including full exercise of $150M greenshoe.
Initial conversion price $124.76/share, ~42.5% premium to June 10 close of $87.55; capped call cap at $175.10/share.
Net proceeds ~$1.13B; used $88.6M for capped calls, repaid $327.9M credit facility, remainder for general corp purposes.
Notes mature June 15, 2030; no regular interest; redeemable after June 20, 2028 if stock price >= 130% of conversion price.
Entered into capped call transactions to reduce potential dilution upon conversion of the notes.

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