OKTA is jumping in on the (almost) no interest debt party with a $1 billion convertible note offering due 2025. Looks like they have an existing one around $280 million due 2023, so part of the proceeds with be used to take out the existing. It has the now customary and confusing capped call transaction feature that everybody is using.
A rather large offering for OKTA’s size but I’m sure it will go to good use other than the usual “general corporate purposes”, I.E. probably an acquisition.