SentinelOne secures $400M revolving credit line, maturing in 2031
What's the deal? SentinelOne, the cybersecurity company, entered a $400 million senior secured revolving credit facility on November 12, 2026, arranged with Bank of America and other lenders. The agreement includes a $60 million letter-of-credit sublimit and matures on November 12, 2031.
Why now? The move follows an October financing of $1.25 billion in zero-coupon convertible notes due 2031. SentinelOne reported about $1.408 billion in net proceeds from that offering, part of which funded capped calls and a $150 million share buyback.
What's the endgame? Loan proceeds may be used for working capital and general corporate purposes. At signing, SentinelOne had no outstanding revolving loans and about $0.4 million in letters of credit — making the facility a liquidity backstop rather than a cash infusion.
The fine print: The facility is secured by substantially all company and guarantor assets and guaranteed by material domestic subsidiaries. It requires a secured leverage ratio of no more than 3.00:1.00 and an interest coverage ratio of at least 3.00:1.00, tested quarterly.
The signal: The revolver adds secured borrowing capacity alongside substantial convertible debt, giving SentinelOne more flexibility for working capital and strategic spending. It reflects how profitable, cash-generating cybersecurity firms are building committed credit lines well before they need them.
Read more: tipranks.com
Image credit: Idaho National Laboratory
