MicroStrategy Announces Placement of 700 million USD Convertible Senior Notes MSTR

According to official news, MicroStrategy ® Incorporated (Nasdaq: MSTR) announced that, subject to market conditions and other factors, the Company plans to offer a private placement of the $700 million Total Principal Convertible Senior Notes due 2028 (the "Notes") to qualified institutional buyers who have reason to believe they comply with Section 144A of the Securities Act of 1933 (as amended) (the "Securities Act"). MicroStrategy also expects to grant initial purchasers of the Notes the option to purchase up to $105 million Total Principal of the Notes within 13 days of the date of the Notes' initial offering. The Offering is subject to market and other conditions and there is no guarantee that the Offering will be completed if, when or under what conditions.
The Notes will be MicroStrategy's unsecured senior debt and will bear interest, payable semi-annually on March 15 and September 15 each year, effective March 15, 2025. The Notes will mature on September 15, 2028, unless repurchased, redeemed or converted in advance in accordance with their terms. Under certain conditions, MicroStrategy may redeem all or part of the Notes for cash on or after December 20, 2027.