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Tesla is reportedly planning to pay off its next chunk of convertible debt in an odd way

“Tesla has $920 million worth of debt coming due in March, and it’s reportedly chosen to pay holders of the convertible notes in an unusual fashion” writes Graham Rapier for businessinsider.com. If the stock price is above, notes are generally converted into equity shares.While the March tranche is the most immediately due, it’s not the largest of Tesla’s outstanding debt.Tesla’s stock closed at $363 on Thursday, roughly 0.8% above the conversion price of the bonds.
 
Source: businessinsider.com



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