Opendoor repurchases $129M of convertible notes at ~30% discount

Opendoor Technologies Inc.

Repurchased ~$129M principal of 0.25% Convertible Senior Notes due 2026 at ~30% discount to par.
Repurchase price paid in cash; expects close on Nov 17, 2023.
After repurchase, ~$381M principal of the notes remains outstanding.
Existing capped call transactions with financial institutions remain in effect.

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