MicroStrategy has increased the issuance size of its zero-coupon convertible senior notes to 2.60 billion USD.
According to reports from Wu, MicroStrategy has announced the pricing of its zero-coupon convertible senior notes totaling $2.60 billion, maturing in 2029. This issuance is an increase from the previously announced $1.75 billion total principal amount of notes. The issuance is expected to be completed on November 21, 2024, subject to customary closing conditions. MicroStrategy estimates that the net proceeds from the sale of these notes will be approximately $2.58 billion (or about $2.97 billion if the initial purchasers fully exercise their option to purchase additional notes). MicroStrategy intends to use the net proceeds from this issuance to buy more Bitcoin and for general corporate purposes.
MicroStrategy has increased the issuance size of its zero-coupon convertible senior notes to 2.60 billion USD.
According to reports from Wu, MicroStrategy has announced the pricing of its zero-coupon convertible senior notes totaling $2.60 billion, maturing in 2029. This issuance is an increase from the previously announced $1.75 billion total principal amount of notes. The issuance is expected to be completed on November 21, 2024, subject to customary closing conditions. MicroStrategy estimates that the net proceeds from the sale of these notes will be approximately $2.58 billion (or about $2.97 billion if the initial purchasers fully exercise their option to purchase additional notes). MicroStrategy intends to use the net proceeds from this issuance to buy more Bitcoin and for general corporate purposes.
