Latham Advises on Check Point Software’s Upsized US$1.75 Billion Convertible Senior Notes Offering

Check Point Software Technologies Ltd. (Nasdaq: CHKP), a pioneer and global leader of cyber security solutions, has announced the pricing of US$1.75 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The aggregate principal amount of the offering was increased from the previously announced offering size of US$1.5 billion. In connection with the Offering, Check Point has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional US$250 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on December 8, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a cross-border team led by partners Joshua Kiernan, Greg Rodgers, and Gilad Zohari, with associates Ryan Gold, Andrew Bentz, Isabelle Sawhney, Abdullah Khan, Bradford Taylor, and Steve Hess. Advice was also provided on derivatives matters by partner Reza Mojtabaee-Zamani, with associate Daniel Weiss; and on tax matters by partner Elena Romanova, with associate Tessa Young.