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April

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Coinbase, the largest U.S. cryptocurrency exchange, today announced plans to offer $1 billion of Convertible Senior Notes due 2030.
According to the official announcement, the offering is subject to market conditions and other factors and will be directed to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.
The Notes will be senior, unsecured obligations of Coinbase, will accrue interest semi-annually and will mature on April 1, 2030. They may be converted into cash, Coinbase Class A common stock, or a combination thereof, at Coinbase's discretion. The interest rate, initial conversion rate and other terms of the notes will be determined upon pricing of the offering.
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Coinbase also plans to grant initial purchasers of the bonds a 30-day option to purchase up to $150 million in additional principal amount of bonds to cover over-allotments.
The net proceeds from the offering will be used to repay, repurchase or redeem Coinbase's 0.50% Convertible Senior Notes due 2026, 3.375% Senior Notes due 2028 and 3.625% Senior Notes due 2031, subject to market conditions. Funds will also be used for general corporate purposes, which may include paying the cost of working capital, capital expenditures and limited acquisition transactions.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/just-in-coinbase-to-offer-1-billion-senior-notes/" rel="noopener noreferrer nofollow">JUST IN: Coinbase to Offer $1 Billion Senior Notes</a>

JUST IN: Coinbase to Offer $1 Billion Senior Notes

Bitcoin Sistemi EN

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