This September is bound to turn things up for fans of Lyft, as there are new coupons created so you could get those cravings you want. Plus, Lyft has unveiled the private offering of a whopping $450 million of convertible senior notes. Let’s begin with the coupons.
New Lyft coupons for September
- Lyft official: 50% off your first ride - Grab as much as 50 percent off your very first ride with this voucher from the official website of Lyft. The coupon code is riderdiscount1. Again, the coupon code is riderdiscount1. But remember, the maximum value is just $10. Hurry before it is too late.
- CouponFollow: Lyft Discount Code: 40% Off Your Order - With the coupon code RIDERDISCOUNT2, you get up to 40 percent off your orders for the first three rides on your purchase at Lyft. Terms and conditions apply.
- Groupon: Enjoy 60% Savings on Your Next 3 Rides - Groupon is getting more generous with their offers. This Super Offer lets you get as much as 60 percent savings on your next three rides. The coupon code is IAND77887.
- Groupon: Claim Your 50% Off Ride Now! - Use the voucher code JAMIE93580 to get as much as 50 percent off your ride now on Groupon. Terms and conditions apply.
- RetailMeNot: 2 Free Rides - The coupon code is MARRIO510382. Get as much as two free rides when you redeem this coupon code. Hurry now so it’s not yet too late!
$450 million!
Today, Lyft, Inc. announced its intention to offer $450 million in aggregate principal amount of Convertible Senior Notes due 2030 in a private offering. However, this is subject to market conditions and other factors, as well as the recipient’s availability.
According to media reports, only persons reasonably believed to be qualified institutional buyers are eligible, as defined by Rule 144A under the Securities Act of 1933.
The ridesharing app also expects to grant the initial buyers of the notes a selection to purchase, for settlement, within a 13-day period starting on and including the date Lyft first issues the Notes, up to an additional $50 million aggregate principal amount of the notes.
Furthermore, the notes will be senior, unsecured obligations of Lyft, with interest payable semi-annually in arrears.
Keep in mind also that upon conversion, Lyft is slated to pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of Lyft’s Class A common stock, or a combination of cash and shares of Class A common stock, at Lyft’s election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the notes being converted.
The interest rate, conversion rate, and other terms of the notes will be determined upon pricing of the offering.
So, what does this mean to you? Convertible senior notes are a blend of debt and equity, wherein investors provide a company with a loan that has a priority claim over the rest of the debts, though this also includes options for the note to be converted into a pre-determined number of the shares of the company. Investors earn interest.
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