Reported Earlier, Cardlytics Prices $150M 4.25% Convertible Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Cardlytics has priced $150M in 4.25% convertible senior notes due in 2029. These notes are senior, unsecured obligations, with interest payable semi-annually starting October 1, 2024.

March 27, 2024 | 6:05 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cardlytics has announced the pricing of $150M in convertible senior notes at a 4.25% interest rate, due 2029.
The issuance of convertible senior notes by Cardlytics could have a neutral to slightly positive impact on its stock price in the short term. While the influx of capital could be seen as a positive sign of growth or expansion, the increase in debt and the dilution potential from the conversion of these notes into equity could temper investor enthusiasm. The interest rate of 4.25% is relatively moderate, indicating a balanced approach to financing.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100