Coinbase Increases, Extends Bond Buyback After Adding Sweetener
- The crypto exchange is upsizing the offer by $30 million
- The company sweetened the offer by three cents last month
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Coinbase Global Inc. is increasing and extending a debt tender offer after sweetening the buyback with discounted prices last month.
The San Francisco-based cryptocurrency exchange is increasing the offer to $180 million from $150 million for its outstanding 3.625% senior notes maturing in 2031, according to a company statement Tuesday. It’s also extending the expiration date on the offer by over two weeks to Sept. 18.