[情報] UPST 發行可轉換優先票據

標題：
Upstart 宣布擬定私募發行4億2500萬美元的2030年到期可轉換優先票據

來源：
business wire
網址：
https://www.businesswire.com/news/home/20241111643622/en/Upstart-Announces-Proposed-Private-Offering-of-425000000-of-Convertible-Senior-Notes-Due-2030
https://bwnews.pr/4fmGZ5r
內文：

Upstart Announces Proposed Private Offering of $425,000,000 of Convertible Senior Notes Due 2030

Upstart Holdings, Inc. (NASDAQ: UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Upstart also expects to grant the initial purchasers of the notes an option
to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of the notes.

The notes will be senior, unsecured obligations of Upstart, and will bear interest payable semi-annually in arrears. The notes will mature on November 15, 2030, unless earlier converted, repurchased or redeemed. The notes will be convertible into cash, shares of Upstart’s common stock, or a combination thereof, at Upstart’s election. The interest rate, initial conversion rate, and other terms of the notes will be determined at the time of pricing of the offering.

Upstart intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment or the retirement of existing debt.

The notes will only be offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the notes nor the shares of Upstart’s common stock potentially issuable upon conversion of the notes, if any, 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 applicable exemption from such registration requirements.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

Upstart Holdings, Inc. (NASDAQ: UPST) 今日宣布其意圖在符合市場條件和其他因素的前提下，於私人發行中提供總計4億2500萬美元的2023年到期的可轉換優先票據（“票據”），並根據《1933年證券法》144A條款，向被合理認為合資格機構買家的人士發行（“發行”）。Upstart 也預期向票據的初始購買者授予選擇權，使其在票據首次發行之日起包含的13天期間內，可額外購買總計至多7500萬美元的票據。

該票據將為Upstart的高級無擔保義務，並將按半年期支付拖欠利息。票據將於2030年11月15日到期，除非提前轉換、回購或贖回。票據可按Upstart的選擇，轉換為現金、Upstart的普通股股票或兩者的組合。票據的利率、初始轉換率及其他條款將於定價時確定。

Upstart 打算將本次發行的淨收益用於一般公司用途，可能包括償還或清償現有債務。

票據僅將向根據《證券法》144A條款合理認為為合資格機構買家的人士發行，通過私人發行備忘錄提供。票據或Upstart普通股的可轉換股票（如有）未在《證券法》或其他司法管轄區的證券法律下註冊，除非註冊，否則不得在美國境內發行或出售，除非根據適用的豁免條款。

本公告既非出售要約亦非購買邀約，也不構成在任何司法管轄區內的要約、邀約或銷售，若此類行為在該司法管轄區屬非法行為。

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