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MicroStrategy | 8-K: MicroStrategy Announces Proposed $700 Million Convertible Senior Notes Offering

MicroStrategy | 8-K: MicroStrategy Announces Proposed $700 Million Convertible Senior Notes Offering

MicroStrategy | 8-K:MicroStrategy宣佈擬發行7億美元可轉換優先票據
美股SEC公告 ·  09/18 08:17

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MicroStrategy Incorporated, a publicly-traded company known for its Bitcoin development and enterprise analytics software, has announced a private offering of $700 million in convertible senior notes due 2028, with an option for initial purchasers to buy an additional $105 million. The offering, aimed at qualified institutional buyers under Rule 144A, is expected to close on September 19, 2024, subject to customary closing conditions. The company has also priced the offering at $875 million with the option to purchase up to an additional $135 million. Net proceeds are estimated at approximately $864.1 million, or $997.4 million if the additional notes are purchased. These funds will be used to redeem all $500 million of MicroStrategy's 6.125% Senior Secured Notes due 2028 and to acquire more Bitcoin for their treasury reserve asset, with the...Show More
MicroStrategy Incorporated, a publicly-traded company known for its Bitcoin development and enterprise analytics software, has announced a private offering of $700 million in convertible senior notes due 2028, with an option for initial purchasers to buy an additional $105 million. The offering, aimed at qualified institutional buyers under Rule 144A, is expected to close on September 19, 2024, subject to customary closing conditions. The company has also priced the offering at $875 million with the option to purchase up to an additional $135 million. Net proceeds are estimated at approximately $864.1 million, or $997.4 million if the additional notes are purchased. These funds will be used to redeem all $500 million of MicroStrategy's 6.125% Senior Secured Notes due 2028 and to acquire more Bitcoin for their treasury reserve asset, with the remainder for general corporate purposes. The redemption of the Senior Secured Notes is set for September 26, 2024, contingent on the closing of the notes sale, which will release approximately 69,080 bitcoins used as collateral. The company's forward-looking statements indicate plans for the proceeds and the redemption of the Senior Secured Notes but also acknowledge the uncertainties of market conditions affecting the completion of the offering.
MicroStrategy Incorporated是一家公開交易公司,以其比特幣開發和企業分析軟件而聞名。該公司宣佈進行了70000萬美元的可轉換高級票據私募發行,到期日爲2028年,併爲初始購買方提供了購買10500萬美元附加票據的選擇權。此次發行面向符合144A條款的合格機構買家,預計將於2024年9月19日閉市,但仍需符合習慣性的交割條件。此外,公司還將發行價格定爲87500萬美元,並有權購買多達13500萬美元的附加票據。預計淨收益爲約86410萬美元,如果購買了附加票據,則爲約99740萬美元。這些資金將用於贖回MicroStrategy所有50000萬美元票面金額爲6.125%的...展開全部
MicroStrategy Incorporated是一家公開交易公司,以其比特幣開發和企業分析軟件而聞名。該公司宣佈進行了70000萬美元的可轉換高級票據私募發行,到期日爲2028年,併爲初始購買方提供了購買10500萬美元附加票據的選擇權。此次發行面向符合144A條款的合格機構買家,預計將於2024年9月19日閉市,但仍需符合習慣性的交割條件。此外,公司還將發行價格定爲87500萬美元,並有權購買多達13500萬美元的附加票據。預計淨收益爲約86410萬美元,如果購買了附加票據,則爲約99740萬美元。這些資金將用於贖回MicroStrategy所有50000萬美元票面金額爲6.125%的2028年到期的優先擔保票據,併爲其資金儲備購買更多比特幣,並用其餘款項用於一般企業用途。擔保票據的贖回日期定於2024年9月26日,取決於票據銷售的結案,此次交易將釋放大約69,080個比特幣作爲抵押擔保。公司的前瞻性陳述表明了擬議的收入和擔保票據的贖回,但也承認了市場條件的不確定性對交易的影響。
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