Opendoor Technologies Completes Convertible Notes Exchange and Raises $79.2 Million Through New Issuance

Reuters

05-20

Opendoor Technologies Completes Convertible Notes Exchange and Raises $79.2 Million Through New Issuance

Opendoor Technologies Inc., a leading e-commerce platform for residential real estate transactions, announced the successful completion of a significant debt transaction on May 19, 2025. The company closed its negotiated exchange and subscription agreements involving its 0.25% Convertible Senior Notes due 2026 and issued $325.0 million in new 7.000% Convertible Senior Notes due 2030. This transaction involved exchanging approximately $245.8 million of the 2026 Notes for the same amount in 2030 Notes and issuing $79.2 million in 2030 Notes for cash. The move adds $75.3 million in cash to Opendoor's balance sheet, reflecting strong investor support. The company plans to use the proceeds for general corporate purposes. J. Wood Capital Advisors LLC served as the advisor for these transactions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Opendoor Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-019770), on May 19, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Opendoor Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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