Zscaler, Inc. (ZS), an IT security company, said on Monday that it intends to offer $1.5 billion of aggregate principal amount of its convertible senior notes due 2028 in a private offering.
The company also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $225 million of notes.
Zscaler intends to use the net proceeds from the offering to pay the cost of the capped call transactions and general corporate purposes, which may include working capital, capital expenditures, potential acquisitions, and others.
ZS was down by 3.25 percent at $305.08 in the pre-market trade on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.