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MicroStrategy Announces Pricing of Convertible Senior Notes with Total Principal of $875 million

MicroStrategy today announced the pricing of its issuance of 0.625% Convertible Senior Notes ("Notes") with a total principal amount of $875 million due 2028. The Notes will be sold in a private placement to persons reasonably considered to be qualified institutional buyers under Section 144A of the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also grants initial purchasers of the Notes an option to purchase...

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2024-09-18 20:06:49