03:24 AM EDT, 09/03/2025 (MT Newswires) -- Lyft ( LYFT ) said Wednesday it priced a private offering of $450 million of convertible senior notes due 2030.

The initial purchasers have been granted a 13-day option to purchase up to $50 million additional amount of notes.

The notes will be convertible at an initial rate of $23.52 per share.

Net proceeds, estimated to be about $438.8 million, will be used to fund certain capped called transactions, share repurchases and general corporate purposes, the company said.