MicroStrategy Completes $1.01 Billion Convertible Notes Offering

Odaily Odaily reported that according to official news, MicroStrategy completed the issuance of $1.01 billion convertible notes at a coupon rate of 0.625% and a conversion premium of 40%, including $135 million of notes issued under the purchase option granted to the initial purchaser in accordance with the purchase agreement. The option was granted to the initial purchaser within 13 days from the date of the first issuance of the notes. The initial purchaser exercised all the options on September 18, 2024, and the additional purchase was completed on September 19, 2024.