Bitdeer Announces Proposed Private Placement of US$360.0 Million of Convertible Senior Notes
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Bitdeer Technologies Group plans to offer $360 million in Convertible Senior Notes due 2029 in a private placement to qualified institutional buyers. The company may also allow initial purchasers to buy an additional $40 million in notes.
November 21, 2024 | 9:15 pm
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Bitdeer Technologies Group is issuing $360 million in Convertible Senior Notes due 2029, with an option for an additional $40 million. This move could impact the company's capital structure and liquidity.
The issuance of Convertible Senior Notes can affect Bitdeer's capital structure by increasing debt but also providing liquidity. The market's reaction will depend on the perceived terms and conditions of the notes and the company's future growth prospects.
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