Opendoor Technologies Reduces Shares Outstanding By 5% In Share Buyback, And Raises $440 Million Of Growth Capital At 0% Coupon
OPEN•Opendoor announces buyback and growth capital raise
Aug. 13 (Reuters) - Opendoor Technologies Inc. OPEN.O:
- Opendoor Technologies Inc. reduces shares outstanding by 5% in share buyback, and raises $440 million of growth capital at 0% coupon
- Opendoor: Combined structure is designed so company expects no net share issuance until our stock exceeds $10.38 per share
- Opendoor: Transactions include $650 million offering of 0% convertible senior notes due 2030, and a $158 million repurchase of about 45.3 million shares
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