Coinbase (COIN) Announces Pricing of Upsized Offering of $1.1 Bln of Convertible Senior Notes
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Coinbase Announces Pricing of Upsized Offering of $1.1 Billion of 0.25% Convertible Senior Notes Due 2030
March 13, 2024 8:03 PM EDTRemote-First-Company/SANTA FE, N.M.--(BUSINESS WIRE)-- Coinbase Global, Inc. (Coinbase) (Nasdaq: COIN) today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the notes) in a private offering (the offering) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the Securities Act). The aggregate principal amount of the offering was increased from the previously announced offering size of $1.0 billion. Coinbase also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $165.0 million... More
