MicroStrategy announces pricing of $700 million convertible senior notes offering
ChainCatcher news, MicroStrategy announced the pricing of its 2.25% convertible senior notes ("Notes") due in 2032, with a total principal amount of $700 million. These notes will be sold in a private placement to qualified institutional buyers reasonably believed to be under Rule 144A of the Securities Act of 1933, as amended.
MicroStrategy also granted the initial purchasers of the notes an option to purchase up to $100 million in aggregate principal amount of the notes within 13 days of the initial issuance of the notes. This offering is an increase from the previously announced $500 million total principal amount of notes.
The offering is expected to close on June 17, 2024, subject to customary closing conditions.
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