ConvertibleActive
3% Convertible Notes due 2029
CORZ-Sep29
$26.85▼ 3.28%
BTC Holdings
547 BTC
Total Debt
$4.38B
Leverage
8411.9%
mNAV
212.43x
Outstanding
$460.00M
Insufficient history
Issue date
2024-08-19
Principal
$460.00M
Coupon
3.00%
Maturity
2029-09-01
Conversion price
$11
ITM Status
ITM (+144.1%)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- Semi-annual
- Payment dates
- Mar 1, Sep 1
- Rate type
- Fixed
- Forced conversion
- On or after Sep 7 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change repurchase at par + accrued interest
- Use of proceeds
- Repayment of outstanding secured notes, exit facility, and miner equipment loans, and general corporate purposes
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding |
|---|---|---|
| 2024-08-19 | Issuance | $460.00M Includes $60M overallotment exercise |
- 2024-08-19 — $460,000,000Item 2.03