secwatch.observer — SEC 8-K summary
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Issuer:     Rubrik, Inc. (RBRK)
CIK:        0001943896
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001193125-25-140729
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1943896/000119312525140729/0001193125-25-140729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1943896/000119312525140729/d920850d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-140729

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer