BRIEF-Robinhood Announces Private Offering Of $2.0 Billion Of Convertible Senior Notes Due 2029

Robinhood

Robinhood

HOOD

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June 22 (Reuters) - Robinhood Markets Inc HOOD.O:

  • ROBINHOOD ANNOUNCES PRIVATE OFFERING OF $2.0 BILLION OF CONVERTIBLE SENIOR NOTES DUE 2029

  • ROBINHOOD MARKETS - TO USE ABOUT $300 MILLION TO REPURCHASE CLASS A COMMON STOCK

  • ROBINHOOD MARKETS - NOTES TO MATURE ON OCTOBER 1, 2029

  • ROBINHOOD MARKETS - INITIAL PURCHASERS MAY BUY UP TO $200 MILLION ADDITIONAL NOTES WITHIN 13 DAYS OF ISSUANCE

  • ROBINHOOD MARKETS - PORTION OF PROCEEDS TO FUND CAPPED CALLS TO OFFSET DILUTION UP TO 125% PREMIUM

Source text: ID:nGNX1bWLhh

Further company coverage: HOOD.O


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