On July 3, 2025, Zscaler, Inc. issued $1.725 billion aggregate principal amount of 0.00% convertible senior notes due 2028. The offering amount included the exercise in full of the option that Zscaler had granted to the initial purchasers to purchase up to an additional $225 million of notes. In connection with the offering, Zscaler entered into privately negotiated capped call transactions with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions.

 

Wilson Sonsini Goodrich & Rosati advised Zscaler on the transaction. The Wilson Sonsini team includes:

 

Corporate

Mark Baudler

Lianna Whittleton

Christoph Luschin

Arjun Adusumilli

Kenna Mathews

 

Corporate Finance

Michael Rosati

Alex Weber

Roshanne Arathoon

Jiyoon Song

 

Derivatives

Andrew Ralston

Ryan Isola

Trevor Mathews

 

Tax

Myra Sutanto Shen

Anjali Krishnan

Rob Sherrill

 

For more information, please see Zscaler’s 8-K filing on July 3, 2025.