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 <p class="is-style-lead">Coinbase has amended its tender offer for 3.625% senior notes due 2031, increasing the cap from $150 million to $180 million and extending the expiration date to Sept. 18, 2023.</p> 
 <p>Coinbase Global, Inc., the world’s second-largest cryptocurrency exchange, announced updates to its Tender Offer for 3.625% Senior Notes due 2031.</p> 
 <p>The company has increased the maximum aggregate purchase price of the notes from $150 million to $180 million and extended the expiration date from Sept. 1, 2023, to Sept. 18, 2023. Payments for accepted notes will be made on Sept. 6, 2023.</p> 
 <p>In an attempt to garner more participation, Coinbase has also adjusted the tender offer’s terms. Holders who have validly tendered their notes after 5:00 p.m., New York City time, on Aug. 18, 2023, but before 11:59 p.m., New York City time, on Sept. 1, 2023, will be eligible for the total consideration which amounts to $675 per $1,000 principal amount of the notes. Accrued and unpaid interest will be paid until the interim settlement date on Sept. 6, 2023.</p> 
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 <p>As of the most recent update, an additional $211 million in aggregate principal amount was <a rel="noopener noreferrer nofollow" title="tender" href="https://thebittimes.com/tag/tender.html">tender</a>ed by the interim expiration time, taking the total amount to $261 million. The <a rel="noopener noreferrer nofollow" title="tender" href="https://thebittimes.com/tag/tender.html">tender</a> <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a> will expire at 11:59 p.m., New York City time, on Sept. 18, 2023. </p> 
 <p>No <a rel="noopener noreferrer nofollow" title="tender" href="https://thebittimes.com/tag/tender.html">tender</a>s will be considered valid if submitted after the expiration time. Payment for accepted <a rel="noopener noreferrer nofollow" title="notes" href="https://thebittimes.com/tag/notes.html">notes</a> <a rel="noopener noreferrer nofollow" title="tender" href="https://thebittimes.com/tag/tender.html">tender</a>ed before or at expiration time will likely be processed by Sept. 20, 2023.</p> 
 <p>The company advises Note Holders to read the <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a> to purchase dated Aug. 7, 2023, to understand the terms fully before deciding to participate in the <a rel="noopener noreferrer nofollow" title="tender" href="https://thebittimes.com/tag/tender.html">tender</a> <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a>.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-increases-tender-offer-for-senior-notes-to-180m-tbt61684.html">https://thebittimes.com/coinbase-increases-tender-offer-for-senior-notes-to-180m-tbt61684.html</a></p>

Coinbase increases tender offer for senior notes to $180m

TheBitTimes

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