DoorDash announces $2.0B convertible senior notes offering due 2030

DoorDash, Inc.

Offers $2.0B in convertible senior notes maturing May 15, 2030, with option for additional $200M.
Proceeds to fund convertible note hedge (offset dilution up to 125% premium) and general corporate purposes.
Notes convertible upon conditions; redeemable after May 20, 2028 if stock exceeds 130% of conversion price.
Concurrent warrant transactions may cause additional dilution if stock price exceeds warrant strike.
Private offering to qualified institutional buyers under Rule 144A; not registered under Securities Act.

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