BUZZ-<a href="https://laohu8.com/S/UPST">Upstart</a> falls after unveiling $500 million convertible bonds offering** Consumer lender Upstart's UPST.O shares fall 5.9% to $64.74 premarket
** UPST announces private offering of $500 million of convertible bonds due 2032
** Proceeds will be used to repurchase a portion of its convertible bonds due 2026 and to pay cost of capped calls, derivative transactions to offset dilution
** UPST has 96.2 million outstanding shares for $6.6 billion market cap
** 6 of 15 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; median PT $82 - data compiled by LSEG
** As of last close, UPST stock up 11.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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