Opendoor issues USD 650 million 0% convertible notes due 2030 in private placement - OPEN News | RalliesOpendoor issues USD 650 million 0% convertible notes due 2030 in private placement
O
OPEN• Opendoor closes private placement of convertible notes
- Opendoor closed a private placement of USD 650 million 0.00% Convertible Senior Notes due 2030 on Aug. 19, 2026.
- The notes are senior unsecured obligations with no regular interest; maturity is set for Aug. 15, 2030.
- The initial conversion price is about USD 4.71 a share, a roughly 35% premium to the Aug. 12 close.
- Up to 186,246,385 shares may be issued on conversion, subject to anti-dilution adjustments.
- Capped call transactions cost about USD 52.5 million; the cap price initially is USD 6.98 a share.
NC
•
