MicroStrategy Announces Pricing of $525 Million Convertible Senior Notes Due 2031

According to Foresight News, MicroStrategy has announced the pricing of its convertible senior notes due 2031, with a principal amount of $525 million and an interest rate of 0.875%. The company has also granted the initial purchasers of the notes an option to purchase up to an additional $78.75 million of the principal amount within 13 days of the first issuance date, including that day. The issuance size is larger than the previously announced principal amount of $500 million. The offering is expected to close on March 18, 2024, subject to customary closing conditions.

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