Coinbase Looks To Offer $1.5b of Senior Notes

Coinbase has announced via press release the offering of $1.5 billion in senior notes due in 2028 and 2031. The offering comes just after the SEC issued a Wells Notice to Coinbase last week.

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According to the press release, Coinbase is seeking to “bolster its already-strong balance sheet with low-cost capital.” 

Coinbase plans to use the funds for “general corporate purposes, which may include continued investments in product development, as well as potential investments in or acquisitions of other companies, products, or technologies that Coinbase may identify in the future. The closing of the offering is subject to market and other conditions.”

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