MARA Holdings 宣布擬私募發行 7 億美元可轉換優先票據

所得收益主要用於收購比特幣、回購 2026 年到期的現有可轉換票據以及一般公司用途

MARA Holdings, Inc., among the world's largest Bitcoin mining companies, has announced a private offering of $700 million in senior convertible notes due in 2030. This offering will be available exclusively to qualified institutional buyers, as defined in Rule 144A under the Securities Act.

全球最大的比特幣礦業公司之一的MARA Holdings, Inc. 宣布私募發行7 億美元的高級可轉換票據，將於2030 年到期。買家。

The company also disclosed that it will grant the initial purchasers the option to acquire up to an additional $105 million in notes during a 13-day period following the initial issuance date.

該公司還透露，將授予初始購買者在初始發行日後 13 天內額外購買最多 1.05 億美元票據的選擇權。

These notes will reportedly constitute unsecured senior obligations and will pay semiannual interest at a rate to be determined until March 1, 2030, when they mature. MARA will have the partial redemption option, starting in March 2028, subject to certain conditions, and the noteholders will be permitted to request a full or partial repurchase in December 2027.

據報道，這些票據將構成無擔保優先債務，並將按半年一次的利率支付利息，直至 2030 年 3 月 1 日到期。從 2028 年 3 月開始，MARA 將在滿足一定條件的情況下擁有部分贖回權，並且票據持有人將被允許在 2027 年 12 月請求全部或部分回購。

Furthermore, the notes will be convertible into cash, shares of the company's common stock, or a combination of both, at MARA's election. The initial conversion price will be determined based on the weighted average price of the company’s shares during a specific time window on the pricing date.

此外，這些票據將在 MARA 選舉時轉換為現金、公司普通股或兩者的組合。初始轉股價格將根據定價日特定時間窗口內公司股票的加權平均價格決定。

Proceeds from the offering will be used primarily to acquire bitcoin, and to repurchase a portion of the company's outstanding convertible notes due in 2026, and for general corporate purposes.

此次發行的收益將主要用於收購比特幣、回購部分 2026 年到期的公司已發行可轉換票據以及一般公司用途。

Up to $200 million of the net proceeds will be used to repurchase a portion of the outstanding convertible notes due 2026. The remaining net proceeds will be used for Bitcoin acquisition and other corporate purposes, which may include working capital, asset expansion, and other financial obligations.

最多2 億美元的淨收益將用於回購2026 年到期的部分未償還可轉換票據。用途。

This repurchase of the current notes may have a significant market implication. Buyers of these notes who have hedged their equity price risk related to MARA's stock may conduct additional transactions to adjust their exposure.

此次回購現有票據可能對市場產生重大影響。這些票據的買家對沖了與 MARA 股票相關的股價風險後，可以進行額外的交易來調整其風險敞口。

This could involve purchasing the company's shares or adjusting positions in derivatives, which may influence the market price of the shares and, consequently, the effective conversion rate of the new notes.

這可能涉及購買公司股票或調整衍生性商品頭寸，這可能會影響股票的市場價格，從而影響新票據的有效兌換率。

It is important to note that this offering is not being registered under the Securities Act or any state securities laws, and the notes and any shares will be offered only to persons who are qualified institutional buyers. MARA also highlights that this announcement does not constitute an offer to sell or a solicitation to purchase in any jurisdiction.

值得注意的是，本次發行並未依據《證券法》或任何州證券法進行登記，票據和任何股票將僅向合格的機構買家發行。 MARA 也強調，本公告並不構成任何司法管轄區的出售要約或購買邀請。