Convertibles Calendar: MicroStrategy on deck

March 14

MICROSTRATEGY INC.

• $500 million seven-year convertible notes

• $75 million greenshoe

• Coupon of 0.375% to 0.875% and initial conversion premium of 40% to 45%

• Rule 144A

• Citigroup Global Markets Inc.

• Non-callable until March 22, 2028 and then subject to a 130% hurdle

• Putable on Sept. 15, 2028 or upon a fundamental change

• Proceeds to purchase Bitcoin and for general corporate purposes

• Tysons Corner, Va.-based business intelligence and analytics company

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