Cipher Digital Prices $850M of 2032 Convertible Notes
Cipher Digital issued $850 million of 0.00% senior unsecured convertible notes due 2032, with an initial conversion price of approximately $15.31 per share. It also added capped calls and exchanged $165.9 million of existing notes.
Cipher Digital executed multiple financing actions tied to its capital structure. The company issued $850 million of 0.00% senior unsecured convertible notes due 2032 with an initial conversion price of approximately $15.31 per share and granted initial purchasers a 13-day option to buy up to $150…