MicroStrategy to redeem 0.750% convertible senior notes due 2025, offers new notes

MicroStrategy ( NASDAQ: MSTR ) said it is looking to fully redeem its outstanding 0.750% convertible senior notes due 2025. The aggregate principal amount of the notes being redeemed is $650 million. Separately, the company also said it intends to offer $500 million aggregate principal amount of convertible senior notes due 2032 in a private offering. MicroStrategy ( MSTR ) also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $75 million aggregate principal amount of the notes. Earlier in the year, the company had separately launched two different private offerings of convertible senior notes. One was for $600 million and the other for $500 million convertible senior notes. Shares in the company were down 0.6% in premarket trade. More on MicroStrategy MicroStrategy: Dangerous Stock, Sell All Rallies (Technical Analysis) MicroStrategy: Stretched Bitcoin Bet MicroStrategy Is A Buy If You Can Stomach High Volatility Biggest stock movers today: Crypto stocks, TH, DXC, YEXT, and more MicroStrategy's Saylor to pay $40M to settle DC case over income taxes