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AI brief of an SEC Form 8-K · CommVault Systems (CVLT)

Commvault issues $900 million of 0% convertible notes due 2030

Neutral Impact 4 of 5 financing Written later

On September 5, 2025, Commvault issued $900 million of 0% convertible senior notes due September 15, 2030, and initial purchasers exercised in full an option for an additional $115 million. The notes are unsecured and convertible into common stock at an initial conversion price of about $236.88 per share, and the company will pay cash up to principal on conversion, so shareholders should note the added debt and possible future share dilution.

Key points

  • Notes issued September 5, 2025: $900 million base principal plus $115 million from the option exercised September 3, 2025
  • Initial conversion rate of 4.2215 shares per $1,000 principal, equal to an initial conversion price of about $236.88 per share
  • Company may not redeem the notes before September 22, 2028; notes sold to qualified institutional buyers under Rule 144A

The filing

CompanyCommVault Systems (CVLT)
Form8-K, current report
Filed with the SECSep 5, 2025, 4:59 PM ET
Accession number0001169561-25-000075

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 05, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.