Other DebtActive
3.625% Senior Notes due 2031
COIN-Sr31
$202.99▲ 6.14%
BTC Holdings
15,389 BTC
Total Debt
$7.28B
Leverage
0.0%
mNAV
43.39x
Outstanding
$737.46M
Issue date
2021-09-17
Principal
$1.00B
Coupon
3.63%
Maturity
2031-10-01
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior, guaranteed by Coinbase, Inc.
- Payment frequency
- Semi-annual
- Payment dates
- Apr 1, Oct 1
- Rate type
- Fixed
- Covenants
- Limitation on liens and sale-leaseback; subsidiary guarantee requirement for material indebtedness; consolidation/merger/asset transfer restrictions
- Prepayment
- Prior to Oct 1, 2026: at par + make-whole premium. On or after Oct 1, 2026: at scheduled redemption prices. Up to 40% redeemable from equity proceeds at 103.625% prior to Oct 1, 2024.
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Repurchase | $737.46M |
| 2024-03-18 | Repurchase | $737.46M Repurchased ~$262.5M using proceeds from 2030 convertible offering |
| 2021-09-17 | Issuance | $1.00B |
- 2025-12-31 — $737,457,000Note 11
- 2024-03-18 — $737,457,000Item 8.01
- 2021-09-17 — $1,000,000,000Item 1.01