debt
confidence high
sentiment neutral
materiality 0.55
Coinbase launches $150M tender offer for 3.625% Senior Notes due 2031
Coinbase Global, Inc.
- Tender offer for up to $150M aggregate principal of 3.625% Senior Notes due 2031.
- Holders tendering by Aug 18, 2023 (early tender) get $645 per $1,000; later tenders get $615.
- Expiration at 11:59 PM NY time on Sept 1, 2023; Citigroup is dealer manager.
- Maximum Tender Amount is $150M; proration applies if oversubscribed.
- Early settlement expected 2 business days after early tender time; final settlement after expiration.