Bitcoin mining company MARA completes $850 million convertible senior note offering

2024-12-05 17:48:57

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ChainCatcher news, according to official news, Bitcoin mining company MARA Holdings (NASDAQ: MARA) announced on December 4 that it has completed the issuance of $850 million zero-coupon convertible senior notes, maturing in 2031.

After deducting underwriting fees, the net fundraising is approximately $835.1 million, of which about $48 million will be used to repurchase convertible bonds maturing in 2026, and the remaining funds will mainly be used for purchasing Bitcoin and general corporate purposes.

The initial conversion price of the newly issued convertible bonds is $34.583 per share, a premium of 40% over the weighted average price of $24.7022 on December 2. MARA also granted the initial purchasers the option to purchase an additional $150 million of notes within 13 days.

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