The company revealed this initiative as a proactive move to restructure its outstanding debt and extend maturities while offering a higher conversion premium to noteholders.
The restructuring involves two key exchanges: $20 million worth of 1.125% Convertible Senior Notes due 2026 and $150 million of 6.25% Convertible Senior Secured Notes due 2027 will be converted into a total of $244.07 million in new 4.875% Convertible Senior Notes maturing in 2030.
Also Read: Alibaba, PDD Stocks Climb As China’s Retail Sector Gains Despite US Tariffs
As part of the agreement, about 76% of holders of the 2027 Notes have consented to proposed changes to their note terms, effectively removing most restrictive covenants and releasing related collateral.
These changes will take effect upon the closing of the exchange, expected around July 2, 2025, pending standard closing conditions.
This debt realignment gives Groupon greater financial flexibility and reduces its secured debt burden while extending maturities.
Price Action: GRPN shares are trading higher by 0.46% to $36.20 at last check on Wednesday.
Read Next:
Photo: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
