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MicroStrategy to Offer $500 Million in Convertible Senior Notes Due 2032
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MicroStrategy to Offer $500 Million in Convertible Senior Notes Due 2032
Jun 13, 2024 4:39 AM

07:28 AM EDT, 06/13/2024 (MT Newswires) -- MicroStrategy ( MSTR ) said Thursday it plans to offer $500 million in convertible senior notes due 2032 in a private offering, subject to market conditions.

The company also plans to grant initial purchasers a 13-day option to buy up to an additional $75 million of the notes from the issue date, according to the company statement.

The notes will pay interest semi-annually on June 15 and Dec. 15, starting Dec, 15 this year, the company said.

MicroStrategy ( MSTR ) shares were down 1.4% in Thursday premarket activity.

Price: 1,581.00, Change: -22.67, Percent Change: -1.41

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