Cybersecurity Funding Alert

Israeli cybersecurity firm Check Point bags $1.8b via bonds

• ByStartupStory     |    December 4, 2025

Israeli cybersecurity giant Check Point Software Technologies Ltd. plans to raise approximately $1.8 billion through a private offering of zero-coupon convertible senior notes due in 2030. The offering includes an initial $1.5 billion in notes, with an option for purchasers to buy an additional $250 million within a 13-day period after the issuance date.

The notes carry no regular interest payments and will mature on December 15, 2030, unless redeemed, repurchased, or converted earlier per outlined terms. Convertible at a premium conversion price of approximately $243.65 per share—around 27.5% above the company’s last closing stock price—the notes give holders the option to convert under certain conditions prior to September 16, 2030, with unrestricted conversion possible afterward.

Upon conversion, Check Point may pay holders in cash, ordinary shares, or a combination of both to satisfy conversion obligations exceeding the principal amount of notes being converted. The company plans to allocate part of the proceeds to purchase capped call options to offset dilution from conversions and repurchase up to $225 million of its shares under an ongoing buyback program.

Remaining proceeds are earmarked for general corporate purposes including potential acquisitions, new product development, and continued investment in AI-driven cybersecurity innovation. The structure optimizes financial flexibility, balancing shareholder value protection with capital-raising for strategic growth.

The offering was met with some share price volatility but reflects Check Point’s strong balance sheet, robust cash position, and confidence in market demand for cybersecurity solutions amid increasing digital threats globally. This debt issuance aligns with the firm’s longer-term plans to accelerate cloud security platforms, threat intelligence services, and expand its Infinity unified security portfolio across enterprises worldwide.

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