Afterpay redeems A$1.5 billion zero-coupon convertibles due 2026

By William Gullotti

Buffalo, N.Y., March 8 – Afterpay Ltd. announced it redeemed all of its outstanding A$1.5 billion zero-coupon convertible notes due 2026 on March 4, according to an 8-K filed with the Securities and Exchange Commission.

As previously reported, the redemption was the result of a change-of-control put triggered by the company’s acquisition by Lanai (AU) 2 Pty Ltd., a wholly owned indirect subsidiary of Block, Inc. (formerly known as Square, Inc.).

Afterpay is a financial technology company based in Australia.

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