Metaplanet Plans $329M Bond Issue to Repay Debt and Buy Back Shares
Metaplanet plans a $329 million convertible bond offering to refinance debt and fund share buybacks while retaining its Bitcoin holdings.
Metaplanet intends to raise $329 million through convertible bonds, with proceeds earmarked for debt repayment and share repurchases, according to Cointelegraph.
The proposed bonds would carry no interest and mature after five years. The company aims to restructure its debt through the offering.
The plan would also reduce Metaplanet’s dependence on loans backed by Bitcoin, allowing it to adjust its financing without selling its holdings.
Source: Cointelegraph
