Groupon Inc. Announces $244 Million Debt Exchange, Introducing New 2030 Convertible Senior Notes

Reuters
06/18
Groupon Inc. Announces $244 Million Debt Exchange, Introducing New 2030 Convertible Senior Notes

Groupon Inc. has announced a significant $244 million financing transaction involving the exchange of convertible notes. The company has entered into agreements with certain holders of its existing 1.125% Convertible Senior Notes due 2026 and 6.25% Convertible Senior Secured Notes due 2027. These notes will be exchanged for a newly issued series of 4.875% Convertible Senior Notes due 2030. The transaction, set to close around July 2, 2025, involves issuing $244,071,000 in aggregate principal amount of the 2030 Notes. These notes will be senior unsecured obligations, convertible into cash, Groupon's common stock, or a combination of both, at the company's discretion. J. Wood Capital Advisors LLC acted as advisor and Winston & Strawn LLP as legal counsel for the transaction.

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. Groupon Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 255954) on June 18, 2025, and is solely responsible for the information contained therein.

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