Trump Media & Technology Group’s $1 billion senior secured notes issue to fund it’s corporate Bitcoin treasury will have 0.00% coupon and 35% conversion premium

Quotes that support claims

In a private placement offering, the firm said it is entering into subscription agreements with approximately 50 institutional investors, agreeing to issue $1.5 billion in common stock and $1 billion in 0.00% convertible senior secured notes.

Trump Media & Technology Group Corp., the company behind Truth Social, said it plans to sell around $1.5 billion in stock and $1 billion in 0% convertible notes to buy Bitcoin for its treasury.

The $2.5 billion offering includes $1.5 billion in Trump Media common stock and $1 billion in convertible notes at a conversion price equal to a 35% premium