Reported Earlier, Coinbase Prices Upsized Offering Of $1.1B Of 0.25% Convertible Senior Notes Due 2030
Portfolio Pulse from Benzinga Newsdesk
Coinbase has upsized its offering of convertible senior notes to $1.1 billion, up from the initially announced $1.0 billion. The offering includes a 30-day option for initial purchasers to buy an additional $165 million in notes. The sale is expected to close on March 18, 2024, potentially raising up to $1.24 billion for Coinbase after expenses.
March 14, 2024 | 7:14 am
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Coinbase's upsized offering of convertible senior notes could strengthen its financial position by potentially raising up to $1.24 billion.
The upsizing of Coinbase's convertible notes offering indicates a strong investor interest and the potential for significant capital infusion. This could improve the company's liquidity and financial flexibility, positively impacting its stock price in the short term.
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