secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001490281-25-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028125000027/0001490281-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028125000027/grpn-20250618.htm
  HTML page:      https://secwatch.observer/filing/0001490281-25-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer