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MARA Holdings | 8-K: MARA Holdings Completes $850 Million Offering of Zero-Coupon Convertible Senior Notes due 2031

MARA Holdings | 8-K: MARA Holdings Completes $850 Million Offering of Zero-Coupon Convertible Senior Notes due 2031

MARA Holdings | 8-K:MARA Holdings完成了2031年到期的8.5億美元零息可轉換優先票據發行
美股SEC公告 ·  12/05 06:17

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On December 4, 2024, Marathon Digital completed its $850 million private offering of 0.00% convertible senior notes due 2031. The notes were sold to qualified institutional buyers under Rule 144A. The net proceeds were approximately $835.1 million after deductions. Marathon plans to use $48 million of the proceeds to repurchase $51 million of its existing convertible notes due 2026. The remaining funds will be used to acquire additional bitcoin and for general corporate purposes, including working capital and strategic acquisitions. The notes are convertible into common stock at an initial rate of 28.9159 shares per $1,000 principal amount. They mature on June 1, 2031, with redemption options starting June 5, 2029, under specific conditions.
On December 4, 2024, Marathon Digital completed its $850 million private offering of 0.00% convertible senior notes due 2031. The notes were sold to qualified institutional buyers under Rule 144A. The net proceeds were approximately $835.1 million after deductions. Marathon plans to use $48 million of the proceeds to repurchase $51 million of its existing convertible notes due 2026. The remaining funds will be used to acquire additional bitcoin and for general corporate purposes, including working capital and strategic acquisitions. The notes are convertible into common stock at an initial rate of 28.9159 shares per $1,000 principal amount. They mature on June 1, 2031, with redemption options starting June 5, 2029, under specific conditions.
2024年12月4日,馬拉松數字完成了其8.5億美元私募發行的2031年到期的0.00%的可轉換優先票據。根據第144A條,這些票據出售給了合格的機構買家。扣除後的淨收益約爲8.351億美元。 馬拉松計劃使用所得款項中的4,800萬美元回購其2026年到期的現有5100萬美元可轉換票據。剩餘資金將用於購買額外的比特幣和一般公司用途,包括營運資金和戰略收購。 這些票據可轉換爲普通股,初始利率爲每1,000美元本金28.9159股。它們將於2031年6月1日到期,在特定條件下,贖回期權從2029年6月5日開始。
2024年12月4日,馬拉松數字完成了其8.5億美元私募發行的2031年到期的0.00%的可轉換優先票據。根據第144A條,這些票據出售給了合格的機構買家。扣除後的淨收益約爲8.351億美元。 馬拉松計劃使用所得款項中的4,800萬美元回購其2026年到期的現有5100萬美元可轉換票據。剩餘資金將用於購買額外的比特幣和一般公司用途,包括營運資金和戰略收購。 這些票據可轉換爲普通股,初始利率爲每1,000美元本金28.9159股。它們將於2031年6月1日到期,在特定條件下,贖回期權從2029年6月5日開始。
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