---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-24-000034"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:00:25.094484+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoFi announces $750M convertible notes offering due 2029; exchanges $600M of 2026 notes

## Summary
- $750M convertible senior notes due 2029 offered privately; underwriters granted option for additional $112.5M.
- Exchanged $600M of existing 0% convertible notes due 2026 for ~61.7M shares of common stock prior to offering.
- Pro forma capital ratio would increase >200 bps from 15.3% to >17.3%; expected accretive to Q1 2024 GAAP net income.
- Proceeds to fund capped call transactions, redeem 12.5% Series 1 Preferred Stock, and for general corporate purposes.
- Notes will be unsecured, mature Mar 15, 2029; interest rate and conversion terms to be set at pricing.

## SEC filing metadata
- accession: 0001818874-24-000034
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000034/0001818874-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000034/sofi-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-24-000034
- JSON: https://secwatch.observer/filing/0001818874-24-000034.json
- Plain text: https://secwatch.observer/filing/0001818874-24-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.