{"id":338616,"date":"2021-09-13T15:43:17","date_gmt":"2021-09-13T12:43:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/breaking-coinbase-plans-to-raise-1-5b-via-debt-offering\/"},"modified":"2021-09-13T15:43:17","modified_gmt":"2021-09-13T12:43:17","slug":"breaking-coinbase-plans-to-raise-1-5b-via-debt-offering","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/breaking-coinbase-plans-to-raise-1-5b-via-debt-offering\/","title":{"rendered":"# BREAKING: Coinbase plans to raise $1.5B via debt offering"},"content":{"rendered":"

“# BREAKING: Coinbase plans to raise $1.5B via debt offering <\/strong>”
\n<\/p>\n

Coinbase, the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced<\/a>\u00a0Monday.<\/p>\n

The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company\u2019s balance sheet for general<\/a> corporate purposes as well as potential investments and acquisitions of other companies, products or technology<\/a>, Coinbase said.\u00a0The closing of the offering is subject to market and other conditions, the firm noted.<\/p>\n

The new raise specifically aims to offer a $1.5-billion aggregate principal amount of the company\u2019s senior notes due 2028 and 2031, which will be fully guaranteed by Coinbase Inc., a wholly-owned Coinbase subsidiary acting as its holding company. The interest rate, redemption provisions and other terms of the raise are subject to negotiations between the firm and initial purchasers.<\/p>\n

Coinbase noted that the notes and the related guarantee would be only offered and sold by means of a private offering memorandum to persons \u201creasonably believed to be qualified institutional buyers\u201d under local securities laws as well as outside the United States.<\/p>\n

\u201cNeither the notes nor the related guarantee have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an app<\/a>licable exemption from such registration requirements,\u201d Coinbase added.<\/p>\n

Related: <\/em><\/strong>Regulatory and privacy concerns trail SEC\u2019s threat to Coinbase<\/em><\/strong><\/p>\n

The news<\/a> comes amid Coinbase facing increased attention from securities regulators, with the U.S. Securities and Exchange Commission threatening to sue the exchange over its upcoming crypto lending program\u00a0last week.\u00a0Coinbase CEO Brian Armstrong pointed out that there are a number of other crypto firms on the market that currently provide similar lending services to their customers.<\/p>\n

Facilitating over $5.6 billion in daily trading volumes, Coinbase is one of the world\u2019s largest cryptocurrency exchanges. The company previously planned to raise $1.25 billion through a private debt securities offering in May 2021, shortly after going public with a direct listing on Nasdaq in mid-April.<\/p>\n