DoorDash (DASH) said Tuesday that it plans to sell $2 billion of convertible senior unsecured notes due May 15, 2030, in a private offering.
The company also expects to grant the initial purchasers of the notes a 13-day option to buy up to an additional $200 million of notes.
DoorDash said it plans to use a portion of the net proceeds to fund certain convertible note hedge transactions and the remainder for general corporate purposes.
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