Mara Holdings plans to offer $700M in notes to buy back debt and acquire more bitcoin.

Mara Holdings, a digital asset company, plans to offer $700 million in zero-coupon convertible senior notes due in 2031 in a private offering. The company intends to use part of the proceeds to repurchase existing 2026 convertible notes and to buy more bitcoin, with the rest for general corporate purposes. Mara may also allow initial buyers to purchase up to an additional $105 million in notes.

December 02, 2024
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