MicroStrategy Prices Its Offering Of $700M Aggregate Principal Amount Of 2.25% Convertible Senior Notes Due 2032
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy has announced the pricing of its $700 million offering of 2.25% convertible senior notes due 2032. The offering was increased from the initially planned $500 million and includes an option for an additional $100 million. The offering is expected to close on June 17, 2024.
June 14, 2024 | 12:07 pm
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MicroStrategy has priced its $700 million offering of 2.25% convertible senior notes due 2032, upsized from the initially planned $500 million. The offering includes an option for an additional $100 million and is expected to close on June 17, 2024.
The successful pricing and upsizing of the convertible notes offering indicates strong demand and confidence from institutional investors. This could provide MicroStrategy with significant capital for future investments or debt repayment, potentially boosting investor sentiment and the stock price in the short term.
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