Other DebtExpiredBTC
6.125% Senior Secured Notes due 2028
MSTR-Sr28
$183.80▲ 3.74%
BTC Holdings
818,334 BTC
Total Debt
$19.61B
Leverage
9.1%
mNAV
0.98x
Outstanding
$0.00
Issue date
2021-06-14
Principal
$500.00M
Coupon
6.13%
Maturity
2028-06-15
Conversion price
—
- Redeemed in full on Sep 26, 2024 at 103.063% of par
- Subject to springing maturity date of Sep 15, 2025 or Nov 16, 2026 under certain conditions (not triggered)
- Guaranteed jointly and severally by MicroStrategy Services Corp and subsidiary guarantors
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior secured
- Payment frequency
- Semi-annual
- Payment dates
- Jun 15, Dec 15
- Rate type
- Fixed
- Collateral
- Substantially all of MicroStrategy's assets and subsidiary guarantors' assets (excluding MacroStrategy bitcoin)
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2024-09-26 | Redemption | $0.00 Redeemed at 103.063% of par using proceeds from 2028 Convertible Notes |
| 2021-06-14 | Issuance | $500.00M |
- 2024-09-26 — $0Note 8 — Long-term Debt
- 2021-06-14 — $500,000,000Item 2.03