MicroStrategy Announces Pricing Of Its Offering Of $525M Aggregate Principal Amount Of 0.875% Convertible Senior Notes Due 2031
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy Incorporated (NASDAQ:MSTR) announced the pricing of its offering of $525 million 0.875% convertible senior notes due 2031, upsized from $500 million. The offering, aimed at qualified institutional buyers, includes an option for an additional $78.75 million in notes and is expected to close on March 18, 2024.

March 15, 2024 | 12:08 pm
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MicroStrategy announces a $525M offering of 0.875% convertible senior notes due 2031, upsized from $500M, with an additional option for $78.75M in notes.
The announcement of the upsized offering of convertible notes by MicroStrategy could have a neutral to slightly positive impact on its stock price in the short term. While the increase in debt could concern some investors, the terms of the notes and the potential for conversion into equity suggest a level of confidence in the company's future growth. However, the impact is considered neutral due to the lack of immediate financial results from this action and the future closing date.
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IMPORTANCE 75
RELEVANCE 100