Should Investors Fret Over Square's $1 Billion Debt Offering? [The Motley Fool]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: The Motley Fool
Should Investors Fret Over Square's $1 Billion Debt Offering? The fintech company takes on more debt and slashes its earnings guidance. Square 's ( NYSE:SQ ) stock recently dipped after the online payments company announced an offering of $1 billion in 0.125% convertible senior notes due in 2025. The notes will be sold in a private placement to qualified institutional buyers, and initial buyers will gain a 30-day option to purchase an additional $150 million in notes to cover over-allotments. The notes can be converted to cash, to shares of Square's Class A common stock, or a combination of both. After deducting the initial purchasers' discount and estimated offering expenses, Square expects to generate $984.9 million in net proceeds (or $1.13 billion if the o
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- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages Block, Inc. (SQ, XYZ) Investors To Inquire About Securities Fraud Class ActionBusiness Wire
- SQ LAWSUIT ALERT: Levi & Korsinsky Notifies Block, Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Lawsuit Against Block, Inc. - SQAccesswire
- Contact Levi & Korsinsky by March 18, 2025 Deadline to Join Class Action Against Block, Inc.(SQ)Accesswire
- Rosen Law Firm Urges Block, Inc. (NYSE: SQ, XYZ) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their RightsBusiness Wire
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- 11/7/24 - Beat