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MicroStrategy Completes 800 million USD Convertible Notes Issuance

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2024-06-20 12:14:19
According to official sources, MicroStrategy completed the $800 million convertible note offering at a 2.25% coupon rate and 35% conversion premium, which includes the $100 million note issued under a purchase option granted to the initial purchaser under a purchase agreement granted to the initial purchaser within 13 days of the date of the note's initial issuance, which was fully exercised by the initial purchaser on June 17, 2024, and additional purchases completed on June 18, 2024.
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