Microstrategy (MSTR) Announces Pricing of Offering of Convertible Senior Notes
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MicroStrategy Announces Pricing of Offering of Convertible Senior Notes
March 15, 2024 8:00 AM EDTTYSONS CORNER, Va.--(BUSINESS WIRE)-- MicroStrategy® Incorporated (Nasdaq: MSTR) (MicroStrategy) today announced the pricing of its offering of $525 million aggregate principal amount of 0.875% convertible senior notes due 2031 (the notes). The notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act). MicroStrategy also granted to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an... More
