debt
confidence high
sentiment neutral
materiality 0.75
MongoDB calls all $1.15B of 0.25% convertible notes due 2026 for redemption on Dec 16, 2024
MongoDB, Inc.
- Redemption of $1,149,972,000 aggregate principal of 0.25% Convertible Senior Notes due 2026 on December 16, 2024.
- Holders may convert notes before 5:00 p.m. ET on December 13, 2024 at a conversion rate of 4.9260 shares per $1,000 principal.
- Conversion rate includes 0.1911 additional shares per $1,000 due to redemption; company will settle conversions with common stock plus cash.
- Redemption price equals 100% of principal plus accrued interest from July 15, 2024 to Dec 16, 2024 (excluding redemption date).