Press release
Coinbase Commences Cash Tender Offer for Up to $150.0 Million Aggregate Purchase Price of its Outstanding 3.625% Senior Notes Due 2031
Remote-First-Company/SAN DIEGO--(BUSINESS WIRE)-- Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced that it is commencing an offer to
About this update from Coinbase Global, Inc.
[{"type":"text","content":" Remote-First-Company/SAN DIEGO--(BUSINESS WIRE)--\nCoinbase Global, Inc. (the “Company” or “Coinbase”) today announced that it is commencing an offer to purchase for cash (the “Tender Offer”) up to $150.0 million in aggregate purchase price, excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”).\n\n\nThe Tender Offer will expire at 11:59 p.m., New York City time, on September 1, 2023 (such date, as may be extended, the “Expiration Time”). Under the terms of the Tender Offer, holders of the Notes (“Holders”) who validly tender and do not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on August 18, 2023 (the “Early Tender Time”) will be eligible to receive $645.00 per $1,000 principal amount of Notes (the “Total Consideration”), consisting of the Tender Consideration (defined below) plus $30.00 per $1,000 principal amount of Notes (the “Early Tender Premium”). Holders of the Notes who validly tender their Notes after the Early Tender Time, but at or prior to the Expiration Time, will be eligible to receive $615.00 per $1,000 principal amount of Notes validly tendered (the “Tender Consideration”). Tendered Notes may be withdrawn at any time at or prior to the Early Tender Time, unless extended or earlier terminated.\n\n\nCertain information regarding the Notes and the Tender Offer is set forth in the table below:\n\n\n\n\nIssuer\n\n\n\n\n\n\n\nTitle of\nSecurity\n\n\n\n\n\n\n\nCUSIP Number/\nISIN (1)\n\n\n\n\n\n\n\nPrincipal Amount\nOutstanding\n\n\n\n\n\n\n\nTender\nMaximum\n\n\n\n\n\n\n\nTender\nConsideration (2)\n\n\n\n\n\n\n\nEarly Tender\nPremium (2)\n\n\n\n\n\n\n\nTotal\nConsideration (2)(3)\n\n\n\n\n\n\n\n\nCoinbase Global, Inc.\n\n\n\n\n\n\n\n3.625% Senior Notes Due 2031\n\n\n\n\n\n\n\n144A CUSIP/ISIN: 19260Q AD9 / US19260QAD97 Regulation S CUSIP/ISIN: U19328 AB6 / USU19328AB62\n\n\n\n\n\n\n\n$1,000,000,000\n\n\n\n\n\n\n \n\n\n\n\n\n\n$150,000,000\n\n\n\n\n\n\n \n\n\n\n\n\n\n$615.00\n\n\n\n\n\n\n \n\n\n\n\n\n\n$30.00\n\n\n\n\n\n\n \n\n\n\n\n\n\n$645.00\n\n\n\n\n\n\n\n__________\n\n\n(1) CUSIP information is provided for the convenience of Holders. No representation is made as to the correctness or accuracy of such numbers.\n\n\n(2) Per $1,000 principal amount of Notes validly tendered and accepted. Holders will receive in cash an amount equal to accrued and unp...