DoorDash (DASH) Announces Proposed $2B Convertible Senior Notes Offering
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DoorDash Announces Proposed Private Offering of $2.0 Billion of Convertible Senior Notes
May 27, 2025 7:00 AM EDTOpportunistic capital raise with proceeds used to enhance strategic flexibility A portion of the proceeds to be used to purchase a hedge overlay intended to offset any share dilution until at least a targeted 125% premium to the current stock price
SAN FRANCISCO--(BUSINESS WIRE)-- DoorDash, Inc. (NASDAQ: DASH) (DoorDash), a leading local commerce platform globally, today announced that it intends to offer and sell, subject to market conditions and other factors, $2.0 billion aggregate principal amount of convertible senior notes due 2030 (the notes) in a private offering... More
