Groupon Inc. Announces New $244 Million Convertible Notes Issuance and Amendments to Existing Loan Agreements

Reuters
07/03
Groupon Inc. Announces New $244 Million Convertible Notes Issuance and Amendments to Existing Loan Agreements

Groupon Inc. has entered into a significant financial agreement involving the issuance of $244,071,000 in Convertible Senior Notes due 2030. This transaction, dated July 2, 2025, is part of an exchange involving existing holders of the company's older notes. Specifically, Groupon exchanged $20,000,000 of its 1.125% Convertible Senior Notes due 2026 and $150,000,000 of its 6.25% Convertible Senior Secured Notes due 2027, with institutional accredited investors and qualified institutional buyers. The new notes carry an interest rate of 4.875% and were issued under a private placement, leveraging exemptions under the Securities Act. Additionally, on June 20, 2025, Groupon made strategic moves to unwind certain capped call and call option transactions with BNP Paribas, Barclays Bank PLC, and Mizuho Markets Americas LLC, which were originally established in conjunction with its 2026 Notes. These actions reflect Groupon's efforts to manage its debt and financial obligations strategically.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-034072), on July 02, 2025, and is solely responsible for the information contained therein.

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