Rubrik, Inc. (RBRK), Tuesday announced its decision to offer $1 billion aggregate principal amount of Convertible Senior Notes due 2030 in a private placement.
Additionally, the company intends to grant the initial purchasers of the notes an option to purchase notes upto an additional $150 million.
The notes, set to mature on June 15, 2030, will allow holders to receive cash, shares of Rubrik's Class A common stock, par value $0.000025 per share or a combination of cash and shares of Class A common stock.
The California-based company expects to use the proceeds to pay the cost of the capped call transactions, to repay in full the $327.9 million outstanding loans, and for other general corporate purposes.
In the pre-market hours, Rubrik's stock is moving down 4.53 percent, to $88.94 on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.