WilmerHale Advises MicroStrategy Incorporated in $800 Million Rule 144A Offering of 0.625% Convertible Senior Notes Due 2030

WilmerHale Advises MicroStrategy Incorporated in $800 Million Rule 144A Offering of 0.625% Convertible Senior Notes Due 2030

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WilmerHale represented MicroStrategy Incorporated in connection with a Rule 144A offering of $800 million of 0.625% Convertible Senior Notes due 2030. This transaction was the only marketed convertible note offering in the past two years which achieved a coupon rate of less than 1% paired with a conversion premium of greater than 40%. The offering priced on March 6, 2024 and closed on March 8, 2024.

The WilmerHale team consisted of Tom Ward, Craig Hilts, Nathan Moore, Chalyse Robinson, Julie Hogan Rodgers, Amy Null, Jeffries Oliver-Li, Ryan Brewer, Heidi Treiber and Nick Andreacchi.

 

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