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BNB
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$562.82 -3.49736
BNB price
Solana
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$171.12 -0.9395
Solana price
XRP
XRP (XRP)
$0.6002110 -0.00553
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Shiba Inu
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$0.0000163 -4.47253
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Pepe
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$0.0000118 -2.67035
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Bonk
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Ethereum
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BNB
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Solana
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XRP
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Bitcoin
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Ethereum
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$3,187.55 -7.34681
Ethereum price
BNB
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$562.82 -3.49736
BNB price
Solana
Solana (SOL)
$171.12 -0.9395
Solana price
XRP
XRP (XRP)
$0.6002110 -0.00553
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Shiba Inu
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$0.0000163 -4.47253
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Coinbase increases tender offer for senior notes to $180m

coinbase-increases-tender-offer-for-senior-notes-to-180m
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Coinbase increases tender offer for senior notes to $180m

Coinbase has amended its tender offer for 3.625% senior notes due 2031, increasing the cap from $150 million to $180 million and extending the expiration date to Sept. 18, 2023.

Coinbase Global, Inc., the world’s second-largest cryptocurrency exchange, announced updates to its Tender Offer for 3.625% Senior Notes due 2031.

The company has increased the maximum aggregate purchase price of the notes from $150 million to $180 million and extended the expiration date from Sept. 1, 2023, to Sept. 18, 2023. Payments for accepted notes will be made on Sept. 6, 2023.

In an attempt to garner more participation, Coinbase has also adjusted the tender offer’s terms. Holders who have validly tendered their notes after 5:00 p.m., New York City time, on Aug. 18, 2023, but before 11:59 p.m., New York City time, on Sept. 1, 2023, will be eligible for the total consideration which amounts to $675 per $1,000 principal amount of the notes. Accrued and unpaid interest will be paid until the interim settlement date on Sept. 6, 2023.

As of the most recent update, an additional $211 million in aggregate principal amount was tendered by the interim expiration time, taking the total amount to $261 million. The tender offer will expire at 11:59 p.m., New York City time, on Sept. 18, 2023.

No tenders will be considered valid if submitted after the expiration time. Payment for accepted notes tendered before or at expiration time will likely be processed by Sept. 20, 2023.

The company advises Note Holders to read the offer to purchase dated Aug. 7, 2023, to understand the terms fully before deciding to participate in the tender offer.