Tuesday Sep 17, 2024
*NEW* $700,000,000 Senior Convertible Debt Offering Explained | Chapter 6
Today we talk about Microstrategy's new senior convertible debt offering and how it will be used to pay off an old loan with an interest rate of 6.125% which cleans up the balance sheet and gives room for around 1.5 billion dollars of new converts if they can be issued into high stock volatility at an interest rate of around 1%. We also go over the Fed cutting rates for the first time since 2022 and starting with a 50 basis point cut.
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