Lyft Announces Pricing of Offering of $450 million of Convertible Senior Notes - Candlesense
LYFT Financing

Lyft Announces Pricing of Offering of $450 million of Convertible Senior Notes

(NASDAQ:LYFT) SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced the pricing of $450 million aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Lyft also granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day

Related Questions

How will the issuance of $450 million in convertible senior notes affect Lyft’s equity dilution and capital structure? What are the conversion terms and yield on the notes, and how do they compare to current market rates and competitor financing structures? Will the proceeds from the notes support Lyft’s growth initiatives or liquidity needs, and how might this influence the stock’s price trajectory?
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