Golden Finance reported that MicroStrategy announced today the pricing of its 0.625% convertible senior notes due in 2028 with a total principal amount of $875 million (the "Notes"). The Notes will be sold in a private placement to persons who are reasonably believed to be qualified institutional buyers pursuant to Section 144A of the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also granted the initial purchasers of the Notes an option to purchase the Notes within 13 days of the date of the initial issuance of the Notes, up to an additional $135 million in principal amount. This offering is larger than the previously announced $700 million in total principal amount of the Notes. The offering is expected to be completed on September 19, 2024, subject to customary closing conditions. The Notes will be MicroStrategy's unsecured senior debt with an annual interest rate of 0.625%, payable semi-annually on March 15 and September 15 of each year, starting on March 15, 2025. The notes will mature on September 15, 2028, unless earlier repurchased, redeemed or converted in accordance with their terms.