Zscaler, Inc. (ZS): debt financing — Zscaler prices $1.725B zero-coupon convertible notes; conversion premium 40% at $439.52

Zscaler, Inc.

Issued $1.725B aggregate principal amount of 0.00% Convertible Senior Notes due 2028.
Conversion rate is 2.2752 shares per $1,000 principal; initial conversion price ~$439.52 (40% premium).
Net proceeds ~$1.70B; used $197M for capped calls; remainder for general corporate purposes, including M&A.
Capped call transactions entered to reduce dilution; cap price $784.85/share (150% premium).
Notes mature July 15, 2028; no regular interest; convertible under certain conditions; not redeemable by Zscaler.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Zscaler, Inc. incurred convertible notes of $1.725 billion with U.S. Bank Trust Company, National Association at 0.00% maturing July 15, 2028.

Instrument: convertible notes
Principal: $1.725 billion
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.00%
Maturity: July 15, 2028
Event: incurrence

Exact text from the filing

issued an aggregate of $1.725 billion principal amount of its 0.00% Convertible Senior Notes due 2028

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Zscaler, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-155487

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.