Upstart Holdings To Privately Place $425 Mln In Convertible Notes

rttnews
2024.11.12 12:35
portai
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Upstart Holdings, Inc. (UPST) announced a plan to privately offer convertible senior notes worth millions, due in 2030, to institutional buyers. The proceeds will be used to repay debts and for general corporate purposes. Additionally, Upstart will grant initial purchasers an option to buy more notes.