debt
confidence high
sentiment neutral
materiality 0.55
Coinbase completes tender offer for $262.5M of 3.625% Senior Notes due 2031
Coinbase Global, Inc.
- Final tender of $1.447M accepted at $675 per $1,000 principal plus accrued interest.
- Total $262.543M principal tendered across early, interim, and final settlement dates.
- Original outstanding $1B notes; tender reduces debt by approximately 26%.
- Final settlement expected on September 20, 2023.
- Citigroup Global Markets Inc. served as dealer manager for the offer.