Lyft Announces Private Offering of $450 million of Convertible Senior Notes - Candlesense
LYFT Debt offering

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

(NASDAQ:LYFT) SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $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 expects to grant the initial purchasers

Related Questions

How will the $450 million convertible note issuance affect Lyft’s capital structure and dilution risk for existing shareholders? What are the conversion terms and credit spread of the 2030 senior notes, and how do they compare to current market rates for similar high‑growth tech issuances? What specific use‑of‑proceeds guidance did Lyft provide, and what impact could the net proceeds have on its liquidity profile and near‑term operational initiatives?
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