07:42 AM EDT, 09/02/2025 (MT Newswires) -- Commvault Systems ( CVLT ) said Tuesday that it intends to offer $750.0 million worth of convertible senior notes due 2030.

The company said it also expects to grant initial purchasers an 11-day option to purchase up to $112.5 million worth of additional notes.

Commvault ( CVLT ) intends to use net proceeds from the offering to fund the cost of entering into certain capped call transactions, to repurchase shares, and for general corporate purchases.