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Seeking Alpha 2025-02-20 13:42:42

Strategy prices $2B convertible senior notes offering

Strategy (NASDAQ: MSTR ) announced the pricing of its offering of $2B aggregate principal amount of its 0% convertible senior notes due 2030 in a private offering. The initial purchasers of the notes have the option to buy up to an additional $300M in notes within five business days of the first issuance. The offering is expected to close on February 21, 2025. The notes will mature on March 1, 2030, unless earlier repurchased, redeemed or converted. Before December 3, 2029, noteholders will have the right to convert their notes only upon the occurrence of certain events. Strategy estimates that the net proceeds from the offering will be ~$1.99B. Strategy intends to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin, and for working capital. MSTR shares rose 1.5% premarket on Thursday. Source: Press release More on Strategy Strategy: It Just Doesn't Make Sense What A Strategy! Saylor's Bold Bitcoin Bet, Creative Financing, And Long-Term Vision Strategy: Buy The Drop (Technical Analysis)(Rating Upgrade) Strategy said to offer lower conversion premium for $2B debt offering Strategy announces private offering of $2B of convertible senior notes

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