Opendoor repurchases $279M of 0.25% convertible notes at ~39.5% discount

Opendoor Technologies Inc.

Repurchased ~$279M aggregate principal of 0.25% Convertible Senior Notes due 2026 at ~39.5% discount to par plus accrued interest.
Repurchase price paid in cash; transaction expected to close May 12, 2023.
After closing, ~$510M principal amount of notes will remain outstanding.
Existing capped call transactions remain in effect and are unaffected by the repurchases.

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