NeoCapCompaniesValuationsScenariosMetrics
Log inSign up
← MARA Holdings
Wed, Sep 20, 2023

MARA completes debt-for-equity exchange of 2026 convertible notes

Source document ↗

Key points

  • $417 million principal of the 1.00% Convertible Senior Notes due 2026 exchanged for 31.7 million newly issued shares (~21% avg. discount to par), saving ~$101 million of future cash interest; $331 million principal remained outstanding.