Opendoor issues USD 650 million 0% convertible notes due 2030 in private placement
Reuters2026/08/19 20:06- Opendoor closed a private placement of USD 650 million 0.00% Convertible Senior Notes due 2030 on Aug. 19, 2026.
- Notes are senior unsecured obligations with no regular interest; maturity set for Aug. 15, 2030.
- Initial conversion price about USD 4.71 a share, a roughly 35% premium to the Aug. 12 close.
- Maximum 186,246,385 shares may be issued on conversion, subject to anti-dilution adjustments.
- Capped call transactions cost about USD 52.5 million; cap price initially USD 6.98 a share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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