MicroStrategy (MSTR) said Friday that it has delivered a notice of full redemption to the trustee of its outstanding 0.0% convertible senior notes due 2027 on Feb. 24.
The total amount of notes being redeemed is $1.05 billion, the company said.
The redemption price is equal to 100% of the principal plus any accrued or unpaid special interest, the company said.
The notes are convertible before Feb. 20 at a conversion rate of 7.0234 MicroStrategy shares per $1,000 of principal, the company said.
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