Groupon Inc. has announced a significant $244 million financing transaction involving the exchange of convertible notes. The company has entered into agreements with certain holders of its existing 1.125% Convertible Senior Notes due 2026 and 6.25% Convertible Senior Secured Notes due 2027. These notes will be exchanged for a newly issued series of 4.875% Convertible Senior Notes due 2030. The transaction, set to close around July 2, 2025, involves issuing $244,071,000 in aggregate principal amount of the 2030 Notes. These notes will be senior unsecured obligations, convertible into cash, Groupon's common stock, or a combination of both, at the company's discretion. J. Wood Capital Advisors LLC acted as advisor and Winston & Strawn LLP as legal counsel for the transaction.
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