TechFlow news — MicroStrategy announced the issuance of $700 million in aggregate principal amount of convertible senior notes due 2030 with a coupon rate of 0.625%.
The notes will be offered in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended.
MicroStrategy has also granted the initial purchasers an option to purchase up to an additional $100 million in aggregate principal amount of notes within 13 days from (and including) the date of initial issuance.
This offering increases the previously announced $600 million principal amount of notes. The offering is expected to close on March 8, 2024, subject to customary closing conditions.
Previous report: MicroStrategy plans to issue $600 million in convertible senior notes to purchase Bitcoin and other assets.
