04:52 AM EDT, 06/11/2025 (MT Newswires) -- Rubrik ( RBRK ) said Wednesday it priced $1 billion of zero-percent convertible senior notes due 2030 in a private placement to qualified institutional buyers.

The company said it granted initial purchasers an option to purchase up to $150 million in additional notes within a defined 13-day period.

Rubrik ( RBRK ) expects to use the net proceeds to repay certain outstanding loans and for general corporate purposes.

The initial sale will likely close on Friday, the company said.