Exchange of US$800 million in convertible notes for shares
Company: Nebius
The claim, verbatim
The company entered into privately negotiated exchange agreements with holders of existing 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031, exchanging a total of US$800 million original principal amount for approximately 15.8 million Class A ordinary shares.
Source (primary)
Latham Advises on Nebius Group’s Upsized US$5.75 Billion Convertible Senior Notes Offering - Legal Desire (-, news_article)
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Quote: “the company also announced entering into privately negotiated exchange agreements with a limited number of holders of its previously issued 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031, to exchange a total of US$800 million original principal amount of such existing notes for an aggregate of approximately 15.8 million of its Class A ordinary shares”
How we checked this
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Additional evidence
confirms Latham Advises on Nebius Group’s Upsized US$5.75 Billion Convertible Senior Notes Offering - Legal Desire
Quote: “the company also announced entering into privately negotiated exchange agreements with a limited number of holders of its previously issued 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031, to exchange a total of US$800 million original principal amount of such existing notes for an aggregate of approximately 15.8 million of its Class A ordinary shares”