MARA Holdings 宣布拟私募发行 7 亿美元可转换优先票据

所得收益主要用于收购比特币、回购 2026 年到期的现有可转换票据以及一般公司用途

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.

全球最大的比特币矿业公司之一的 MARA Holdings, Inc. 宣布私募发行 7 亿美元的高级可转换票据，将于 2030 年到期。本次发行将专门面向符合证券法第 144A 条规定的合格机构买家。

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.

该公司还透露，将授予初始购买者在初始发行日后 13 天内额外购买最多 1.05 亿美元票据的选择权。

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.

据报道，这些票据将构成无担保高级债务，并将按半年一次的利率支付利息，直至 2030 年 3 月 1 日到期。从 2028 年 3 月开始，MARA 将在满足一定条件的情况下拥有部分赎回权，并且票据持有人将被允许在 2027 年 12 月请求全部或部分回购。

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，这些票据将在 MARA 选举时转换为现金、公司普通股或两者的组合。初始转股价格将根据定价日特定时间窗口内公司股票的加权平均价格确定。

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.

此次发行的收益将主要用于收购比特币、回购部分 2026 年到期的公司已发行可转换票据以及一般公司用途。

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 亿美元的净收益将用于回购 2026 年到期的部分未偿还可转换票据。剩余的净收益将用于比特币收购和其他公司用途，其中可能包括营运资金、资产扩张和其他财务用途。义务。

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.

此次回购现有票据可能会对市场产生重大影响。这些票据的买家对冲了与 MARA 股票相关的股价风险后，可以进行额外的交易来调整其风险敞口。

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.

这可能涉及购买公司股票或调整衍生品头寸，这可能会影响股票的市场价格，从而影响新票据的有效兑换率。

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，本次发行并未根据《证券法》或任何州证券法进行登记，票据和任何股票将仅向合格的机构买家发行。 MARA 还强调，本公告并不构成任何司法管辖区的出售要约或购买邀请。