MicroStrategy to Redeem $1.05 Billion Worth of Convertible Senior Notes-March 2024-www.financetom.com

MicroStrategy to Redeem $1.05 Billion Worth of Convertible Senior Notes

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MicroStrategy to Redeem $1.05 Billion Worth of Convertible Senior Notes

Jan 24, 2025 6:06 AM

08:38 AM EST, 01/24/2025 (MT Newswires) -- MicroStrategy ( MSTR ) said Friday that it has delivered a notice of full redemption to the trustee of its outstanding 0.0% convertible senior notes due 2027 on Feb. 24.

The total amount of notes being redeemed is $1.05 billion, the company said.

The redemption price is equal to 100% of the principal plus any accrued or unpaid special interest, the company said.

The notes are convertible before Feb. 20 at a conversion rate of 7.0234 MicroStrategy ( MSTR ) shares per $1,000 of principal, the company said.

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