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Coinbase Global (NASDAQ:COIN) said Monday it has commenced an offer to buy for cash up to $150.0M of its outstanding 3.625% senior notes due 2031.
Under the terms of the tender offer holders of the notes who tender and do not withdraw their notes at or prior to 5:00 p.m. (New York time) on Aug. 18, 2023, will be eligible to receive $645.00 per $1,000 principal amount of notes.
Holders who tender their notes after the early tender date, but at or porior to the expiration time, will be eligible to receive $615.00 per $1,000 principal amount of notes.
The tender offer is set to expire on Sept. 1, 2023, at 11:59 p.m. ET.
COIN edged up 0.6% in after-hours trading.
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