Microstrategy, Inc. (MSTR) Announces Proposed $1.75B Convertible Notes Offering

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Go back to Microstrategy, Inc. (MSTR) Announces Proposed $1.75B Convertible Notes Offering

MicroStrategy Announces Proposed Private Offering of $1.75 Billion of Convertible Senior Notes

November 18, 2024 4:01 PM EST

TYSONS CORNER, Va.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR) (MicroStrategy) today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of its 0% convertible senior notes due 2029 (the notes) 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) and to certain non-U.S. persons in transactions outside the United States in compliance with Regulation S under the Securities Act. MicroStrategy also expects to grant to the initial... More