According to Foresight News, MicroStrategy announced the pricing of 2.25% convertible senior notes with a total principal amount of US$700 million due in 2032. These notes will be sold to qualified institutional sellers in a private placement.
MicroStrategy has also granted the initial purchasers of the notes an option to purchase up to $100 million aggregate principal amount of the notes within 13 days from the date of the initial issuance of the notes, an increase from the previously announced $500 million aggregate principal amount of the notes, which is expected to close on June 17, 2024, subject to the satisfaction of customary closing conditions.