ConvertibleActive
0% Convertible Notes due 2026
XYZ-May26
BTC Holdings
8,883 BTC
Total Debt
$7.35B
Leverage
42.4%
mNAV
58.95x
Outstanding
$575.00M
Insufficient history
Issue date
2020-11-13
Principal
$575.00M
Coupon
0.00%
Maturity
2026-05-01
Conversion price
$299.13
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after Nov 5 2023 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Call provision
- Redeemable at par plus accrued interest on or after Nov 5 2023 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- At 100% of principal upon fundamental change
- Use of proceeds
- General corporate purposes
- Capped call
- Capped call transactions entered concurrently with issuance
Sources(1)
- Form 8-K (convertible not…FilingForm 8-K (convertible notes pricing)Item 1.01Block Inc. — 2020-11-13
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2020-11-13 | Issuance | $575.00M | Form 8-K (convertible not… |
- 2020-11-13 — $575,000,000Item 1.01 — filing — Block Inc.Source