Lyft, Inc. (LYFT): debt financing — Lyft prices $450M convertible notes due 2030; uses proceeds for capped calls and stock buyback

Lyft, Inc.

Issued $450M (plus $50M option) of 0% convertible notes due 2030; net proceeds ~$487.7M.
Conversion price ~$23.52 (40% premium to $16.80 close); capped call cap $33.60.
Used ~$42M for capped call transactions and ~$95.7M to repurchase 5.7M shares.
Remaining proceeds for share repurchases under existing plan and general corporate purposes.
Notes convertible under conditions; no interest; maturity Sept 2030; redeemable after Sept 2028.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lyft, Inc. incurred convertible notes of $50 million aggregate principal amount with Goldman Sachs & Co. LLC at 0 % maturing September 15, 2030.

Instrument: convertible notes
Principal: $50 million aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC
Rate: 0 %
Maturity: September 15, 2030
Event: incurrence

Exact text from the filing

amount of its 0 % Convertible Senior Notes due 2030 (the “Base Notes”). In addition, the Company granted the Initial Purchasers a 13-day option to purchase up to an additional $50 million aggregate principal amount of such notes on the same terms and conditions (the “Additional Notes” and together with the Base Notes, the “Notes”). On September 3, 2025, the

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lyft, Inc. incurred convertible notes of $450 million aggregate principal amount with Goldman Sachs & Co. LLC at 0 % maturing September 15, 2030.

Instrument: convertible notes
Principal: $450 million aggregate principal amount
Counterparty: Goldman Sachs & Co. LLC
Rate: 0 %
Maturity: September 15, 2030
Event: incurrence

Exact text from the filing

On September 2, 2025, Lyft, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC as representative of the several initial purchasers (the “Initial Purchasers”), to issue and sell $450 million aggregate principal amount of its 0 % Convertible Senior Notes due 2030 (the “Base Notes”).

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90 debt financings filed in the last 30 days. Browse all debt financings →

Lyft, Inc. filing history →

Source: SEC EDGAR

accession 0001759509-25-000141

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