Groupon exchanges $176M of 1.125% notes for 6.25% secured notes; Q3 rev $114.5M, net income $14.5M

Groupon, Inc.

Exchanged $176.26M of 1.125% 2026 notes for new 6.25% secured notes due 2027; raised $20M cash via $21M principal at 95%.
Q3 revenue $114.5M (down 9% YoY); net income $14.5M vs. net loss $40.8M last year.
Adjusted EBITDA $14.8M (down from $18.2M); cash $159.7M at quarter-end.
North America active customers 10.2M (down 2% YoY); International active customers 5.3M (down 19% YoY).
Conversion price ~$30/share (184% premium to 20-day VWAP); additional 2.5% interest if SumUp pledge not completed by Nov 2025.

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