Coinbase Announces Repurchase of 0.50% Convertible Senior Notes Due 2026

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Jun 15, 2023

On June 14, 2023, Coinbase Global, Inc. (the “Company” or “Coinbase”) entered into separate, privately negotiated purchase agreements with a limited number of holders of its 0.50% Convertible Senior Notes due 2026 (the “Notes”) to repurchase (the “Repurchases”) $64.5 million aggregate principal amount of the Notes. The Company estimates that it will expend approximately $45.5 million in cash to consummate the Repurchases. The transaction represents an approximately 29% discount to par value.