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Benzinga

Business

Adam Eckert

UNBELIEVABLE: Zscaler stock is sliding today here s why - The Untold Story

ZscalerFeb,14,,2020,San,Jose, - ,Ca, - ,Usa,-

Zscaler Inc (NASDAQ:ZS) shares are falling Monday after the company announced a proposed offering of convertible senior notes.

What Happened: Cybersecurity firm Zscaler said it intends to offer $1.5 billion of convertible senior notes due 2028 in a private offering to institutional investors. The company also expects to grant the initial purchasers a 13-day window to purchase up to an additional $225 million of the notes.

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