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MicroStrategy has <a href="https://www.microstrategy.com/press/microstrategy-announces-proposed-private-offering-of-700m-of-convertible-senior-notes_09-16-2024" rel="noopener noreferrer nofollow">announced</a> plans to offer $700 million in convertible senior notes, which are expected to be due in 2028. The private offering will be directed to qualified institutional buyers, adhering to Rule 144A under the Securities Act of 1933. Notably, the company may also give the initial purchasers the option to buy an additional $105 million in notes. The success of this offering, however, is contingent upon market conditions, with no guarantee of completion.<h2 id="header-0">Senior Notes Details and Redemption Plans</h2>The issued notes will bear interest and have semi-annual payments, starting March 2025. These unsecured senior obligations will mature in September 2028 unless redeemed or converted beforehand. After December 2027, <a href="https://cryptotale.org/microstrategy-announces-strategic-2b-bitcoin-expansion/" rel="noopener noreferrer nofollow">MicroStrategy</a> has the option to redeem some or all of the notes. Should fewer than all be redeemed, at least $75 million in principal must remain outstanding.Related: <a href="https://cryptotale.org/microstrategy-adds-18300-btc-total-holdings-hit-244800/" rel="noopener noreferrer nofollow">https://cryptotale.org/microstrategy-adds-18300-btc-total-holdings-hit-244800/</a>On September 15, 2027, holders will have the right to demand the company repurchase the notes. The notes can be converted into cash, shares, or a combination, with MicroStrategy deciding the method of payment. Prior to March 2028, conversions will only be possible during certain periods. The pricing terms for the notes, such as the interest rate and initial conversion rate, will be determined when the offering is priced.<a href="https://cryptotale.org/microstrategy-to-issue-700-million-convertible-senior-notes/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

MicroStrategy to Issue $700 Million Convertible Senior Notes

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