Check Point Software Prices $1.75 Billion Convertible Senior Notes Offering

Reuters12-04
Check Point Software Prices $1.75 Billion Convertible Senior Notes Offering

Check Point Software Technologies Ltd. has announced the pricing of an upsized private offering of $1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030. This offering, increased from a previously announced $1.5 billion, will be made to qualified institutional buyers. The company has also granted initial purchasers the option to buy up to an additional $250 million of the notes within 13 days of issuance. The notes will be senior unsecured obligations, will not bear regular interest, and will mature on December 15, 2030, unless repurchased, redeemed, or converted earlier. Net proceeds are expected to be used for capped call transactions, share repurchases, and general corporate purposes, including potential mergers and acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Check Point Software Technologies Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9596750-en) on December 04, 2025, and is solely responsible for the information contained therein.
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