Square Inc. announced Monday morning that it intends to conduct a $1 billion convertible-note offering. The notes will be due in 2025. They will be convertible into cash, common stock, or a combination of the two at the company's discretion. Square has been one of the best-performing payments stocks in recent weeks as concerns about the coronavirus outbreak have pressured peer names with more global exposure. Square has a more domestic focus and some analysts view the company as less exposed to tourism and travel. Square shares have added 11.6% over the past month, as the S&P 500 has lost 8.4%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Hall & Oates' Tour Stop at Madison Square Garden: Recap
Les mer »
‘Writers & Lovers’ Review: Kidding on the SquareBook Review: Lily King's “Writers & Lovers” is a comic and compassionate novel about the cost of (perhaps) sticking with the same dream for too long
Les mer »
Italy readies measures worth 3.6 billion euros to tackle coronavirusItaly will introduce this week measures worth 3.6 billion euros ($3.5 billion), ...
Les mer »
Hall & Oates' Tour Stop at Madison Square Garden: Recap
Les mer »