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Riot Platforms | 8-K: Riot Platformss Completes Private Offering of $525 Million Convertible Senior Notes

Riot Platforms | 8-K: Riot Platformss Completes Private Offering of $525 Million Convertible Senior Notes

Riot Platforms | 8-K:Riot Platformss完成5.25亿美元可转换优先票据的非公开发行
美股SEC公告 ·  12/11 14:06

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Riot Platforms completed a private offering of $525M in 0.75% convertible senior notes due 2030 on December 11, 2024. The net proceeds of approximately $511.5M will be used to fund Bitcoin acquisition and general corporate purposes.The notes are convertible into Riot's common stock at an initial rate of 67.2767 shares per $1,000 principal amount, equivalent to $14.86 per share. This represents a 32.5% premium above the stock's weighted average price on December 9, 2024. The notes mature on January 15, 2030, with interest payable semiannually at 0.75% per year.Riot may redeem the notes after January 20, 2028, under certain stock price conditions. Holders can require Riot to repurchase the notes upon a "fundamental change." The offering was conducted under Rule 144A, with notes resold only to qualified institutional buyers.
Riot Platforms completed a private offering of $525M in 0.75% convertible senior notes due 2030 on December 11, 2024. The net proceeds of approximately $511.5M will be used to fund Bitcoin acquisition and general corporate purposes.The notes are convertible into Riot's common stock at an initial rate of 67.2767 shares per $1,000 principal amount, equivalent to $14.86 per share. This represents a 32.5% premium above the stock's weighted average price on December 9, 2024. The notes mature on January 15, 2030, with interest payable semiannually at 0.75% per year.Riot may redeem the notes after January 20, 2028, under certain stock price conditions. Holders can require Riot to repurchase the notes upon a "fundamental change." The offering was conducted under Rule 144A, with notes resold only to qualified institutional buyers.
Riot Platforms于2024年12月11日完成了一笔52500万美元的私人发行,发行0.75%的可转换高级票据,期限至2030年。约51150万美元的净收益将用于资助比特币收购和一般企业用途。这些票据可按每1000美元本金金额初始转换比率67.2767股转换为Riot的普通股,相当于每股14.86美元。这代表着比2024年12月9日该股票加权平均价溢价32.5%。该票据将于2030年1月15日到期,利息按年0.75%的比例半年度支付。Riot可以在2028年1月20日之后,在某些股票价格条件下赎回该票据。持有人可以在发生“根本性变更”时要求Riot回购该票据。此次发行是根据144A规则进行的,票据仅转售给合格的机构投资者。
Riot Platforms于2024年12月11日完成了一笔52500万美元的私人发行,发行0.75%的可转换高级票据,期限至2030年。约51150万美元的净收益将用于资助比特币收购和一般企业用途。这些票据可按每1000美元本金金额初始转换比率67.2767股转换为Riot的普通股,相当于每股14.86美元。这代表着比2024年12月9日该股票加权平均价溢价32.5%。该票据将于2030年1月15日到期,利息按年0.75%的比例半年度支付。Riot可以在2028年1月20日之后,在某些股票价格条件下赎回该票据。持有人可以在发生“根本性变更”时要求Riot回购该票据。此次发行是根据144A规则进行的,票据仅转售给合格的机构投资者。
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