MARA Holdings to Offer $700M of Conv Sr Notes (1)

MARA Holdings says it intends to offer $700 million in convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers.

• Proceeds to be used primarily to acquire bitcoin, repurchase existing convertible notes due 2026 and for general corporate purposes
• MARA also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $105 million of the notes

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