Microstrategy, Inc. (MSTR) Prices $700M Convertible Senior Notes Offering

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Go back to Microstrategy, Inc. (MSTR) Prices $700M Convertible Senior Notes Offering

MicroStrategy Announces Pricing of Offering of Convertible Senior Notes

June 14, 2024 8:00 AM EDT

TYSONS CORNER, Va.--(BUSINESS WIRE)-- 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... More