Airbnb Inc - Ordinary Shares - Class A

-1.37 (-0.80%)
4:59:11 PM EDT: $169.10 -0.03 (-0.02%)
Debt Financing / Related, Equity Financing / Related

Airbnb Prices $2 Bln Convertible Senior Notes Offering

Published: 03/04/2021 05:42 GMT
Airbnb Inc - Ordinary Shares - Class A (ABNB) - Airbnb, Inc. Prices $2 Billion Convertible Senior Notes Offering.
Issuance and Sale of Notes Are Scheduled to Settle on March 8.
Notes Will Mature on March 15, 2026, Unless Earlier Repurchased, Redeemed Or Converted.
Notes Will Not Bear Regular Interest, and Principal Amount of Notes Will Not Accrete.
Airbnb Intends to Use $100.2 Million of Net Proceeds to Fund Cost of Entering Into Capped Call Transactions.
Airbnb Intends to Use Remainder of Net Proceeds, Together With Its Existing Cash, to Repay Indebtedness.
Initial Conversion Rate is 3.4645 Shares of Class A Common Stock per $1,000 Principal Amount of Notes.
Initial Conversion Price of Approximately $288.64 per Share of Class A Common Stock.
Notes Will Not Be Redeemable at Airbnb's Election Before March 20, 2024.
Initial Conversion Price Represents a Premium of About 60.0% Over Last Reported Sale Price of $180.40/class a Share.