Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf, which last July raised $150 million at triple its previous valuation ($4.3 billion), opted for all debt in its latest funding round. The company today announced that it secured $401 million in convertible notes from Owl Rock with participation from new and existing investors Viking Global Investors, the Ontario Teachers’ Pension Plan, and Neuberger Berman. Should an initial public offering (IPO) come to pass, as was at one point Arctic Wolf’s plan, the debt will convert to shares at a

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