TINTON FALLS, N.J. , Sept. 2, 2025 /PRNewswire/ -- Commvault Systems, Inc. (NASDAQ: CVLT) ("Commvault") today announced the pricing of its private offering of $785.0 million aggregate principal amount of 0% Convertible Senior Notes due 2030 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering was increased from the previously announced $750.0 million aggregate principal amount of Notes. The offering of the Notes is expected to close on September 5, 2025 , subject to customary closing conditions.

Key Elements of the Transaction

Option to Purchase Additional Notes

Commvault also granted the initial purchasers of the Notes an option to purchase up

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