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MARA Holdings, Inc. (NASDAQ:MARA) is one of the worst performers on Wednesday.
MARA Holdings fell by 11.62 percent on Wednesday to close at $17.57 apiece as investor sentiment was dampened by plans to raise $1 billion through debt to finance the acquisition of more Bitcoins.
Direct UHT, indirect UHT – or both?
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Direct UHT, indirect UHT – or both?
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In a statement, MARA Holdings, Inc. (NASDAQ:MARA) said that it intends to offer $850 million worth of convertible senior notes due 2032, with an overallotment option of up to $150 million.
The notes will be unsecured, senior obligations and are not expected to bear regular interest other than special interests in limited circumstances.
The notes will mature on August 1, 2032, unless earlier repurchased, redeemed, or converted in accordance with the terms. Subject to certain conditions, on or after January 15, 2030, MARA Holdings, Inc. (NASDAQ:MARA) said it may redeem for cash all or any portion of the notes.
MARA Holdings (MARA) Slashes 11.6% Amid New $1-Billion Debt Offer
MARA Holdings (MARA) Slashes 11.6% Amid New $1-Billion Debt Offer
MARA Holdings, Inc. (NASDAQ:MARA) said it intends to use $50 million of the net proceeds to repurchase a portion of its existing 1 percent convertible senior notes due 2026, while the balance will be used to acquire additional bitcoin and for general corporate purposes.
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