MongoDB Announces Pricing of Upsized $1.0 Billion Convertible Senior Notes Offering
MongoDB Announces Pricing of Upsized $1.0 Billion Convertible Senior Notes Offering. The notes will be general unsecured obligations of MongoDB and will accrue interest payable semiannually in arrears on January 15 and July 15 of each year, beginning on July 15, 2020, at a rate of 0.25% per year. The notes will mature on January 15, 2026, unless earlier converted, repurchased or redeemed. This activity could also cause or avoid an increase or a decrease in the market price of MongoDB's Class A common stock or the notes, and to the extent the activity occurs during any observation period related to a conversion of notes, this could affect the number of shares and value of the consideration that a noteholder will receive upon conversion of its notes. Neither the notes, nor any shares of MongoDB's Class A common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.