Odaily Planet Daily News Coinbase announced the interim results of the previously announced "repurchase of US$150 million bonds due in October 2031", and has revised the terms of the tender offer, including:
1. Increase the amount of notes that can be purchased in the tender offer from a maximum of US$150 million to US$180 million (excluding accrued and unpaid interest);
2. Extend the expiration time of the tender offer from 11:59 September 2 to 11:59 September 19.
Separately, Citigroup Global Markets Inc. acted as transaction manager for the tender offer. (Business Wire)
According to news on August 8, Coinbase proposed to repurchase part of the outstanding junk bonds, and will purchase notes with a total amount of up to 150 million US dollars in cash due in October 2031 with an interest rate of 3.625%.