MicroStrategy Completes $1.01 Billion Convertible Notes Offering

PANews reported on September 20 that MicroStrategy announced that it had completed the previously announced 0.625% convertible senior notes due in 2028 on September 19, 2024. The total principal amount of the notes sold in this offering was US$1.01 billion, including US$135 million of notes issued under the purchase option granted to the initial purchaser under the purchase agreement, which was granted to the initial purchaser within 13 days from the date of the initial issuance of the notes, and the initial purchaser exercised all of them on September 18, 2024, and the additional purchase was completed on September 19, 2024.