$SoFi Technologies Inc.(SOFI)$

$SoFi Technologies Inc.(SOFI)$ This convertible notes offering is a positive move. SoFi plans to replace their expensive preferred shares, which cost them $50 million annually, with cheaper debt financing at $9 million a year. This essentially means they are swapping a higher cost funding source for a lower one.

Source: https://investors.sofi.com/news/news-details/2024/SoFi-Technologies-Inc.-Prices-750-Million-Convertible-Senior-Notes-Offering-Due-2029/default.aspx

Modified in.03-20

💰 Stocks to watch today?(17 May)

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