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.

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