MicroStrategy To Redeem $1.05B In Convertible Notes, Settles Conversions With Shares
Posted On January 24, 2025
MicroStrategy Incorporated (NASDAQ:MSTR) on Friday announced its plan to redeem its $1.05 billion convertible senior notes due 2027 and settle all conversion requests in shares of its Class A common stock.
The business intelligence and Bitcoin-focused company issued a notice of redemption to the trustee of the outstanding notes, setting Feb. 24, as the redemption date.
The redemption will include the full principal amount of the notes, along with any accrued and unpaid special interest.
Holders of the notes can opt to convert their holdings at a rate of 7.0234 shares of MicroStrategy Class A …
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