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MicroStrategy | 8-K: Microstrategy Completes $800 Million Offering of 0.625% Convertible Senior Notes Due 2030

MicroStrategy | 8-K:MicroStrategy完成8亿美元可转换优先票据发行

美股sec公告 ·  03/11 07:42
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On March 8, 2024, MicroStrategy Incorporated completed its private offering of 0.625% convertible senior notes due 2030, raising an aggregate principal amount of $800 million. This includes $100 million in notes issued following the full exercise of an option by initial purchasers on March 6, 2024. The offering was made to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The net proceeds, which amounted to approximately $782 million after deductions, are being used by the company to acquire additional bitcoin. The notes, which are senior unsecured obligations, will mature on March 15, 2030, and are convertible into MicroStrategy's class A common stock at an initial rate of 0.6677 shares per $1,000 principal amount. The conversion price is set at a premium of approximately 42.5% above the stock's last reported sale...Show More
On March 8, 2024, MicroStrategy Incorporated completed its private offering of 0.625% convertible senior notes due 2030, raising an aggregate principal amount of $800 million. This includes $100 million in notes issued following the full exercise of an option by initial purchasers on March 6, 2024. The offering was made to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The net proceeds, which amounted to approximately $782 million after deductions, are being used by the company to acquire additional bitcoin. The notes, which are senior unsecured obligations, will mature on March 15, 2030, and are convertible into MicroStrategy's class A common stock at an initial rate of 0.6677 shares per $1,000 principal amount. The conversion price is set at a premium of approximately 42.5% above the stock's last reported sale price on March 5, 2024. MicroStrategy has outlined terms under which the notes can be redeemed, repurchased, or converted, and has specified the conditions under which it may increase the conversion rate. The company has also stated that neither the notes nor the underlying shares have been registered under the Securities Act and will not be offered or sold without registration or an applicable exemption. The completion of the offering was announced via a press release on March 11, 2024.
2024年3月8日,微策略公司完成了2030年到期的0.625%可转换优先票据的私募发行,本金总额为8亿美元。这包括初始购买者在2024年3月6日全面行使期权后发行的1亿美元票据。此次发行是根据1933年《证券法》第144A条向合格的机构买家进行的。扣除后的净收益约为7.82亿美元,正被该公司用于购买额外的比特币。这些票据是优先无抵押债券,将于2030年3月15日到期,可转换为MicroStrategy的A类普通股,初始利率为每1,000美元本金0.6677股。转换价格定为比该股2024年3月5日上次公布的销售价格高出约42.5%的溢价。MicroStrategy概述了兑换、回购或转换票据的条款,并规定了提高转换率的条件。该公司还表示,票据和标的股票均未根据《证券法》注册,未经注册或适用豁免不得发行或出售。2024年3月11日通过新闻稿宣布了此次发行的完成。
2024年3月8日,微策略公司完成了2030年到期的0.625%可转换优先票据的私募发行,本金总额为8亿美元。这包括初始购买者在2024年3月6日全面行使期权后发行的1亿美元票据。此次发行是根据1933年《证券法》第144A条向合格的机构买家进行的。扣除后的净收益约为7.82亿美元,正被该公司用于购买额外的比特币。这些票据是优先无抵押债券,将于2030年3月15日到期,可转换为MicroStrategy的A类普通股,初始利率为每1,000美元本金0.6677股。转换价格定为比该股2024年3月5日上次公布的销售价格高出约42.5%的溢价。MicroStrategy概述了兑换、回购或转换票据的条款,并规定了提高转换率的条件。该公司还表示,票据和标的股票均未根据《证券法》注册,未经注册或适用豁免不得发行或出售。2024年3月11日通过新闻稿宣布了此次发行的完成。
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