POPA ReconStrategy to Repurchase $1.5 Billion of 2029 Convertible Notes
Strategy to Repurchase $1.5 Billion of 2029 Convertible Notes Strategy Inc. filed an 8-K on May 14 disclosing privately negotiated repurchases of approximately $1.50 billion in aggregate principal of its 0% Convertible Senior Notes due 2029. The estimated cash repurchase price is ~$1.38 billion, with the final amount tied to the volume-weighted average price of MSTR Class A common stock during the measurement period. Settlement is expected on or about May 19. Following the repurchase, approximately $1.50 billion of the 2029 Notes will remain outstanding. Strategy plans to fund the transac…
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