secwatch.observer — SEC 8-K summary
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Issuer:     Opendoor Technologies Inc. (OPEN)
CIK:        0001801169
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001193125-23-070575
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Opendoor repurchases $186M of 0.25% convertible notes due 2026 at ~46.5% discount
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- Repurchase of $186M aggregate principal amount at ~46.5% discount to par, including accrued interest.
- Cash consideration paid; closing expected March 20, 2023, subject to customary conditions.
- After closing, approximately $792M principal amount of the notes will remain outstanding.
- Existing capped call transactions with financial institutions will remain in effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801169/000119312523070575/0001193125-23-070575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801169/000119312523070575/d429375d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-070575

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