MARA Holdings, Inc. Announces Pricing of Oversubscribed and Upsized Offering of Zero-Coupon Convertible Senior Notes due 2030
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MARA Holdings, Inc. has announced the pricing of an oversubscribed and upsized offering of $850 million in zero-coupon convertible senior notes due 2030. The proceeds will be used to acquire bitcoin and repurchase existing convertible notes due 2026.
November 19, 2024 | 1:15 am
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MARA Holdings, Inc. has successfully priced an oversubscribed offering of $850 million in zero-coupon convertible senior notes due 2030. The funds will be used to acquire bitcoin and repurchase existing notes due 2026.
The successful pricing of the oversubscribed and upsized offering indicates strong investor interest, which is positive for MARA's stock. The use of proceeds to acquire bitcoin and repurchase existing notes could enhance the company's balance sheet and strategic positioning.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100