Dossier
convertible debt
Coverage of convertible debt in the Nexus archive.
- Strategy cuts net leverage to near zero as cash nearly matches convertible debt
Strategy cut its net leverage down to nearly zero. This financial achievement was made possible because the company's cash reserves now nearly match the value of its convertible debt.
- GameStop is swapping $1.4 billion in convertible debt for stock, sending shares lower
GameStop is exchanging $1.4 billion in convertible debt for stock without using cash, though the company's shares declined in premarket trading. The move aims to cancel outstanding notes but has been met with a negative market reaction.
- Strategy taps cash reserve to retire $1.5 billion in convertible debt
The company is using its cash reserves to retire $1.5 billion in convertible debt, a move that could strengthen its financial position by reducing liabilities.