MicroStrategy Closes $1.01 Billion Convertible Senior Notes Offering

MicroStrategy completed a $1.01 billion convertible note offering at a 0.625% coupon rate and a 40% conversion premium, including $135 million of notes issued pursuant to a purchase option granted to the initial purchasers under the purchase agreement, which was granted to the initial purchasers within 13 days from the date of the initial issuance of the notes, with the initial purchasers exercising all of their rights on September 18, 2024, and the additional purchases closing on September 19, 2024. exercised, and additional purchases completed on September 19, 2024.