08:07 AM EDT, 06/18/2025 (MT Newswires) -- Groupon ( GRPN ) said Wednesday that it entered into privately negotiated agreements with holders of its existing 1.125% convertible senior notes due 2026 to exchange $20 million worth of the notes for an equivalent amount of 4.875% convertible senior notes due 2030.

The company also said it negotiated a deal with holders of its 6.25% convertible senior secured notes due 2027 to exchange $150 million of notes for $224.1 million worth of notes due 2030.

The exchange is expected to close on or around July 2, the company said.

The initial conversion rate of the 2030 notes will be 18.5031 shares of common stock per $1,000 principal, or equivalent to an initial conversion price of about $54.04 per share, Groupon ( GRPN ) said.