Groupon exchanges $170M of existing convertible notes for $244M new 4.875% notes due 2030

Groupon, Inc.

Exchanges $20M of 1.125% 2026 notes and $150M of 6.25% 2027 notes for $244M of new 4.875% convertible notes due 2030.
New notes have an initial conversion price of ~$54.04 per share, a 50% premium to the June 17 closing price.
Holders of ~76% of 2027 notes agreed to vote to delete restrictive covenants and release all collateral securing the 2027 notes.
Exchange expected to close on or around July 2, 2025; Groupon will receive no cash proceeds from the transaction.
New notes are senior unsecured obligations; redemption allowed after July 2, 2028 if stock price is at least 130% of conversion price for 20 of 30 trading days.

item 1.01item 2.03item 3.02item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.