Lorenzo
Thu Nov 28 2024
|
5 answers
1430
What is Coinbase long-term debt?
Coinbase's long-term debt relates to the financial obligations of the company that extend beyond one year. Specifically, Coinbase has announced plans to raise $1 billion through the issuance of convertible notes to institutional buyers, which represent a form of long-term debt. These notes are senior unsecured obligations and are convertible into cash, shares of Coinbase Class A common stock, or a combination of these. The proceeds from this issuance are intended to be used for repaying, redeeming, or repurchasing other outstanding convertible notes and for general corporate purposes.
