04:14 AM EDT, 09/03/2025 (MT Newswires) -- Commvault Systems ( CVLT ) said late Tuesday it priced a $785 million private offering of 0% convertible senior notes due Sept. 15, 2030, for about $767.3 million in expected net proceeds.

The offering was upsized from a previously planned $750 million.

The company said the initial purchasers have an option to buy up to an additional $115 million of the notes.

Key elements of the transaction include repurchases of about $117.7 million of the company's common shares, it said.

The offering is expected to close Friday.