MicroStrategy Announces $700M Private Offering Of Convertible Senior Notes Due 2028, With Option For Additional $105M; Offering Subject To Market Conditions
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy has announced a $700 million private offering of convertible senior notes due in 2028, with an option to purchase an additional $105 million. The offering is subject to market conditions.
September 16, 2024 | 8:05 pm
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MicroStrategy is issuing $700 million in convertible senior notes due 2028, with an option for an additional $105 million, subject to market conditions. This move could impact the company's capital structure and financial strategy.
The issuance of convertible senior notes can affect MicroStrategy's capital structure by increasing debt and potentially diluting equity if converted. The market's reaction will depend on the terms and success of the offering, as well as prevailing market conditions.
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