MicroStrategy Announces Pricing Of Its Offering Of $875M Aggregate Principal Amount Of 0.625% Convertible Senior Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy has announced the pricing of its $875 million convertible senior notes due 2028, upsized from the initial $700 million. The offering is aimed at qualified institutional buyers and is expected to close on September 19, 2024.
September 18, 2024 | 12:13 pm
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MicroStrategy has increased its convertible senior notes offering to $875 million, indicating strong demand from institutional buyers. This move could provide the company with additional capital for strategic initiatives.
The upsizing of the convertible notes offering from $700 million to $875 million suggests strong demand from institutional investors, which is a positive signal for MicroStrategy's financial strategy. The additional capital could be used for growth initiatives, potentially impacting the stock price positively in the short term.
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