Fintech company Block (formerly Square) announced on May 6 that it plans to issue $1.50 billion senior notes to qualified institutional investors through a private placement. The company said in a statement that the terms of the notes, including interest rates and maturity dates, are subject to negotiation with the initial purchaser. Investors approved to participate in the round include pension funds, banks, mutual funds and high net worth individuals.
Fitch Ratings notes that Block has been using convertible debt as external financing since its IPO and is well-positioned to capture long-term growth opportunities in the payments and consumer financial services sectors.
Jack Dorsey's Block to raise $1.50 billion by issuing senior notes
2024-05-06 17:32:49
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Jack Dorsey的Block将通过发行高级票据筹集15亿美元Next article：
美SEC已经对Robinhood的加密部门进行了一段时间调查
