secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001490281-24-000131
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon issues $197.3M of 6.25% convertible secured notes due 2027
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- Exchanged $176.3M of existing 1.125% 2026 notes; raised $20M cash via $21M new notes at 95% issue price.
- Notes mature March 15, 2027; interest at 6.25% payable semi-annually; initial conversion price ~$30.00 per share.
- Secured by first-priority liens on substantially all assets of Groupon and guarantor subsidiaries.
- If SumUp equity not pledged or sold by Nov 20, 2025, notes accrue additional 2.5% interest.
- Notes are not redeemable by the company; holders can force repurchase upon a fundamental change at 100%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028124000131/0001490281-24-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028124000131/grpn-20241119.htm
  HTML page:      https://secwatch.observer/filing/0001490281-24-000131

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