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.
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