Debt

SoFi issuing $750mm in new debt

Fintech company SoFi is adding to its $5 billion in debt by issuing $750 million more in convertible notes. The stock is taking a 15% haircut on the news that by 2029 there might be further dilution of the stock due to these notes.

The company recently had a profitable quarter and with interest rates high, we are left wondering why they are feeling light on cash.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>