MicroStrategy Prices Its Offering Of $700M Aggregate Principal Amount Of 2.25% Convertible Senior Notes Due 2032

Author: Benzinga Newsdesk | June 14, 2024 08:07am

MicroStrategy® Incorporated (NASDAQ:MSTR) ("MicroStrategy") today announced the pricing of its offering of $700 million aggregate principal amount of 2.25% convertible senior notes due 2032 (the "notes"). The notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also granted to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100 million aggregate principal amount of the notes. The offering was upsized from the previously announced offering of $500 million aggregate principal amount of notes. The offering is expected to close on June 17, 2024, subject to satisfaction of customary closing conditions.

Posted In: MSTR