MongoDB Issues Notice Of Redemption For All $1.149B Of Its 0.25% Convertible Senior Notes Due 2026
Portfolio Pulse from Benzinga Newsdesk
MongoDB has announced the redemption of its $1.149 billion 0.25% Convertible Senior Notes due 2026, with a redemption date set for December 16, 2024. The redemption price will be 100% of the principal amount plus accrued interest.
October 16, 2024 | 9:33 pm
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MongoDB is redeeming its $1.149 billion 0.25% Convertible Senior Notes due 2026, with the redemption date set for December 16, 2024. This move will affect the company's debt structure and interest obligations.
The redemption of convertible notes will impact MongoDB's debt structure by reducing its outstanding debt. However, since the redemption is set for December 2024, the immediate impact on stock price is neutral. Investors may view this as a positive long-term move to manage debt, but short-term effects are limited.
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