MicroStrategy Completes $1.01 Billion Convertible Note Offering

Article is form followin
September 20, 2024
This article is translated by ChatGPT Show original
Back Icon Image

PANews reported on September 20 that MicroStrategy has completed the previously announced issuance of 0.625% convertible senior notes due 2028, according to official sources. The total principal amount of the notes sold in this offering was $1.1 billion, including $135 million of notes issued pursuant to a purchase agreement that granted an initial purchaser an option to purchase, exercisable for 13 days from the initial issuance date. This option was exercised in full by the initial purchaser on September 18, 2024. The additional purchase was completed on September 19, 2024.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.