Zscaler Inc.
Zscaler Announces $1.725 Billion Convertible Senior Notes Issuance
Summary
On June 30, 2025, Zscaler, Inc. announced the issuance of $1.725 billion principal amount of its 0.00% Convertible Senior Notes due 2028. The notes can be converted into cash, common stock, or a combination at Zscaler's discretion. The issuance includes an option for initial purchasers to buy up to an additional $225 million principal amount of notes. Zscaler intends to use the net proceeds for general corporate purposes, which may include working capital, capital expenditures, and potential acquisitions. Capped call transactions were also entered into to mitigate dilution from note conversions.
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Exhibits (4)
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About Zscaler Inc.
Zscaler Inc. is a pioneering entity in the cybersecurity sector, primarily offering cloud-based information security services. The company specializes in providing secure internet access and private application access using its Zero Trust Exchange platform, which essentially replaces traditional network security architectures with a model built for the cloud era. Zscaler caters to businesses aiming to protect their digital assets by enabling secure, fast, and reliable connections for mobile workforce, IoT, and partner ecosystems. Its platform helps organizations reduce complexity, lower costs, and enhance security by inspecting all internet traffic through its distributed worldwide data centers. As the global shift towards remote work and cloud computing accelerates, Zscaler plays a critical role in ensuring organizational agility and safeguarding data against evolving cyber threats, thereby positioning itself as a crucial player in the technology sector and an influential component of the cybersecurity market.
Official SEC Documents
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